Thomas P. DiNapoli,
State Comptroller

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Choose how (and how much) you’d like to contribute.

Anyone can contribute to a NY ABLE account and there are various ways to do it:


Open an account with just $25.

Or only $15 when investing through a payroll deduction plan.

Learn more about contribution limits >

Receive a federal tax credit of up to $2,000.

ABLE account owners who contribute to their accounts may be eligible to receive a federal tax credit, called Saver's Credit, for up to $2,000 to help save for retirement.2

1Family member is defined in the Internal Revenue Code §529(e)(2) and includes the original 529 plan beneficiary's children, siblings, parents, cousins, nieces, nephews, aunts, uncles, grandparents, and spouse. Transfer must be made within 60 days of withdrawal, is subject to annual ABLE account contribution limit, and must be made prior to Jan. 1, 2026.

2The availability and amount of the credit are contingent on certain income and other requirements.