Media release provided by the State Treasurer’s Office.
Columbia, S.C. (January 12, 2026)– Treasurer Loftis announces the federal ABLE Age Adjustment Act went into effect on January 1, 2026, allowing millions more Americans with disabilities the opportunity to build financial independence by opening an ABLE account. As a result of this federal legislation, individuals with a disability present before the age of 46 can open an ABLE account to save for their future.
State Treasurer Curtis Loftis, administrator of the Palmetto ABLE Savings program, states “ABLE accounts help bridge the financial gap that people with disabilities often face. This important change – increasing the age of disability onset from 26 to 46 – means more individuals may now qualify for an account.” This change means that people with a disability that occurred between the age of 27 and 46 such as traumatic brain or spinal cord injuries, lupus, multiple sclerosis, post-traumatic stress disorder (PTSD), hearing or vision loss, and many other disabilities, may now have access to this vital savings tool…