Tax Policy – Texas Opens Qualified ABLE Program

Texas recently opened a new ABLE program, bringing the total number of jurisdictions with ABLE programs to 36. The program is currently only open to Texas residents. It has four investment options. Accounts have a $4 monthly maintenance fee and asset-based fees ranging from 0.25% to 0.39% for investment options. The minimum initial deposit is $50, and the minimum amount for subsequent deposits is $25. More information about state implementation of the ABLE Act can be found here. General information about ABLE programs can be found in the National Policy Matters: ABLE Accounts for People with Disabilities here.

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