CalABLE equips you to save for the future without affecting eligibility for public benefits
Since inception, CalABLE is changing the way people with disabilities can plan and save for their financial futures.
See how it works
Members of the disability community shouldn’t have to struggle to build financial security because of the risk of losing public benefits and the high cost of expenses. With CalABLE, you can save for needs and dreams, and afford to live your best life.
Save more than $2,000
Accumulate savings up to $100,000 without the risk of losing federal or state benefits
Grow investments for your future
Earn on investments tax-free when withdrawals are used to pay for qualified expenses
Spend your money anywhere
Pay for qualified expenses directly from your account or with our prepaid debit card
Dream. Plan. Succeed.
With CalABLE, Californians with disabilities are achieving a new level of financial empowerment. In just a short amount of time, CalABLE account holders have saved and invested more than $100 million to improve the quality of their lives. As State Treasurer, I am devoted to ensuring that we continue to extend this opportunity to achieve financial stability to as many people as possible.
I’m pleased to announce that beginning in 2026, newly passed legislation raises the eligibility age from the onset of disability before age 26 to age 46. CalABLE and the Legislative Affairs team are already hard at work to ensure that federal and state law are aligned by the time this change goes into effect.
My team and I are dedicated to ensuring every California citizen has equal opportunity to dream, plan, and succeed. Through CalABLE, we are achieving that vision.
In peace and friendship,
Fiona Ma, CPA
California State Treasurer
Who is eligible?
Individuals with a disability that occurred before age 26* who meet certain criteria are eligible to open a CalABLE account.
*In 2022, the U.S. Congress passed the ABLE Age Adjustment Act. This legislation increases the eligibility age of beneficiaries of ABLE accounts from the onset of disability before age 26 to age 46—beginning January 1, 2026. Until then, only individuals who have a qualifying disability beginning before age 26 are eligible to open a CalABLE account.
Earnings on investments and withdrawals from your CalABLE account for disability-related expenses are 100% federal and California state tax-free.
A CalABLE account lets you save and pay for qualified expenses and the things that will let you live your best life.
Others can contribute
Anyone can contribute to your CalABLE account – you, your friends, your family, business, employer, trust or a corporation.
Help your clients open a CalABLE account
Entities, such as non-profits, resource agencies, financial advisors, and others may serve as an Authorized Legal Representative (ALR), and open accounts for their clients.