ABLE’s definition of qualifying disability expenses includes “education.” Can I roll my 529 account into an ABLE account?

Assets from a 529 account can be rolled over into an ABLE account, though amounts to be rolled over are subject to the ABLE account annual contribution limit. Current federal law requires such rollovers to be completed by December 31, 2025.

To make a direct rollover from a 529 account, the ALR or beneficiary can fill out the 529 College Savings to ABLE Rollover (Direct) Form. In a direct rollover, the two programs transfer assets directly from one to the other.

For an indirect rollover, in which the account holder of the 529 plan would take possession of funds before they are transferred, the 529 College Savings to ABLE Rollover (Indirect) Form should be used. In an indirect rollover, assets have to be deposited to the new ABLE account within 60 days of withdrawal.

ABLE account holders can participate in both 529 and ABLE programs simultaneously.

529 College Savings to ABLE Rollover (Direct) Form

529 College Savings to ABLE Rollover (Indirect) Form

Sign Up and Start Saving

Once you are ready to enroll, you can set up your account here online. When opening a Maryland ABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the ABLE account will be funded.

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Have specific questions?

Here are a few ways to get answers. You can contact us online, give us a call Monday through Friday, at 1-855-563-2253 from 9am-8pm ET, or you can browse frequently asked questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

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