California Achieving a Better Life Experience (CalABLE)

A CalABLE account is a tax-free savings and investment plan to help Californians with a disability save for large or small expenses to keep them healthy and improve quality of life. The video below tells you more about this exciting tool to help you save money.


Who is Eligible:

  • Individuals with a disability that occurred before age 26
  • Meets the eligibility criteria for disability benefits like SSI (Supplemental Security Income) and/or SSDI (Social Security Disability Insurance)
  • Individuals who do not receive SSI or SSDI, but still meet the age onset requirement, may be eligible if there is a diagnoses by a qualified physician


  • Those who receive SSI benefits can save as much as $100,000 in the account with no effect on federal and California state benefits
    • Annual contributions are limited to $15,000 per year, which can be made by family, friends, or the individual without affecting public disability benefits
    • Those who are employed can contribute additional amounts above the $15,000 annual limit
  • Earnings in a CalABLE account are 100% federal and California state tax-free
  • Withdrawals to pay for disability-related expenses are also federal and California state tax-free

What is a Qualified Disability Expense?

  • Any expense that helps maintain or improve health, productivity, independence, or quality of life
  • Examples of eligible expenses include education, employment support, housing, transportation, assistive technology and healthcare expenses

How it Works:

  1. Open an account and add a minimum of $25
  2. Select your investment or saving option
  3. Add money to your account at anytime
  4. Withdraw money as needed

More Information:

For more information or to open an account, please visit the CalABLE website or YouTube channel.


Last modified: September 19, 2022