Do I have to file separate taxes for each STABLE account?

Each beneficiary account will receive separate tax documents. These forms are for information purposes only. Please consult a tax professional for questions about whether or not an individual income tax return needs to be filed.

Do I have to pay taxes on my account?

As long as the money in your STABLE account is used for qualified expenses, it will not be counted as income for your state or federal taxes. If a purchase or other expense doesn’t qualify as an eligible expense, you’ll have to pay taxes and a 10% penalty on the interest portion of the amount...

Do I use the same login information if I have multiple STABLE accounts?

Yes, you have only one username (email) and password to log in to all the accounts you manage.

Do you charge fees for withdrawing money?

No. There are no fees for withdrawing money.

Does having an account affect my other benefits?

Generally, no. You can open and maintain a STABLE account while keeping your federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.). If you receive SSI, there is a $100,000 limit on the STABLE account balance before funds start counting against your $2,000...

Does my location matter?

No. A STABLE account is available nationwide to eligible U.S. citizens.

Does the Authorized Legal Representative (ALR) own the account with the beneficiary?

No. Regardless of who opens the account, the beneficiary is the sole owner of all the funds.

Does the card have any fraud protection or security features?

Yes. Once you receive your STABLE Visa® Card, you can log in and set up customized restrictions on certain spending categories. You can also turn on text message alerts to notify you of a range of activity on your STABLE Visa Card.* *Standard text message rates, fees, and charges may apply. 

Eligibility

Eligibility There could be an even better life experience waiting for you Who can have an account? To be eligible for a STABLE account, you or the beneficiary must: Be blind or have a medically determinable physical or mental impairment that results in marked and severe functional limitations,...

Eligibility Screener