Today Treasurer Tom Briese joined with other officials and disability advocates to kick-off a year-long celebration of the Enable savings plan’s 10-year anniversary.
July is Disability Pride Month and the Enable program will be closing out Disability Pride month with an August 1st kickoff to celebrate 10 years of Enable. Legislation creating the Enable program was passed in 2015, with the official launch in July of 2016. Throughout the next year, the Enable program will host a variety of events to mark the 10 years of this successful program.
Nebraska’s Enable Savings Plan was specifically designed to encourage persons with a disability to save for future qualified disability expenses. The Enable Savings Plan assists individuals who have a disability by providing sound investment choices for saving for the future.
Since its inception, Enable has reached more than $50 million in assets under management and more than 4,500 accounts.
“We are proud to help so many individuals with disabilities to save, and are working diligently to help even more,” Briese said. “We have been busy opening new avenues for people to save and are excited about celebrating this wonderful program.
One of those avenues is software specifically designed for entities who are managing multiple Enable accounts. Go to enablesavings.com/home/entities for more info.
Briese also encourages Nebraskans to make use of www.Givetoenable.com, a new, free-to-use crowdfunding website designed to help Enable Savings Plan owners achieve a better life experience.
Anyone who donates on the Givetoenable.com crowdfunding platform and files a Nebraska state income tax return will be able to take advantage of up to a $10,000 Nebraska income tax deduction ($5000 for married taxpayers filing separately). Contributions made to an Enable account from the website will count towards the annual $19,000 contribution limit.
Give To Enable will allow participants to raise needed funds through donations from family, friends, and others, similar to sites such as GoFundMe or Kickstarter. Funds donated through Givetoenable.com will go directly into the individual account owner’s Enable account and will not impact their benefits unlike a traditional crowdfunding webpage.
Enable is also excited for a huge expansion of individuals who are eligible to utilize this tax-advantage plan. Effective Jan 1, 2026, the ABLE age adjustment will take effect, which will allow ABLE accounts nationwide to increase the age of the onset of the disability for eligibility from 26 to 46. This will open ABLE accounts to an estimated additional 8 million more Americans, including veterans.
For more information about the Enable Savings Plan visit https://www.enablesavings.com/.
