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A message from State Treasurer Michael L. Fitzgerald

Dear Friends,

With IAble, saving has never been easier.

In December 2014, the federal government passed the Achieving a Better Life Experience (ABLE) Act. This legislation allowed states to offer tax-advantaged savings accounts for people with disabilities and their families. In 2015, Iowa’s version of the bill was signed into law, paving the way for IAble.

For the first time, people with disabilities and their families can save for qualified disability-related expenses without losing their eligibility for certain assistance programs, like Supplemental Security Income (SSI) and Medicaid. IAble accounts can be used for short-term saving or long-term investing, whatever best meets the needs of the account owner.

Save for today or tomorrow

IAble’s six investment options and one checking option offer account owners the opportunity to choose a saving or investing plan that best meets their goals and comfort with risk. The money saved in an IAble account can be used for various expenses - from paying rent to transportation, and even assistive technology or education. For a full list of qualified disability expenses, please visit our Qualified Expenses page.

Our FDIC-insured checking option, offered through Fifth Third Bank, National Association, lets you withdraw money using a debit card. For more information, visit our Checking Option page.

Take advantage of tax benefits

IAble accounts include added tax benefits. The earnings on investments are federally tax-deferred and tax-free, if used for qualified disability-related expenses.* Iowa taxpayers contributing to an IAble account may also deduct up to $3,474 in contributions from their adjusted gross income for 2021.**

Open and manage your account online

Account management has never been easier. IAble accounts can be opened online in minutes for as little as $25. We’ll need to know a little bit about the Account Owner and his or her investment choices, but that’s it! Account Owners can access their account online at any time, and even make withdrawals via our website.

If you have any questions, we are here to help. Visit our Contact Us page for more information.

Thank you for your time and interest. I hope IAble will help meet your saving needs.


Michael L. Fitzgerald

Treasurer of State


*Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as applicable state and local income taxes.
**If withdrawals are not qualified, the deductions must be added back to Iowa taxable income. Adjusted annually for inflation.

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