FAQs
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Is there a benefit to filing a tax return, even if I have low, or no, income?
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Yes. Credits may earn you a tax refund! If you qualify for credits, but owe no tax, you can claim the excess tax credit as a refund when you file your return.
- If I move from Hawai'i, can I keep my Hawai'i ABLE account?
- Yes. You can keep your money invested in your account and you can keep contributing to it, too. But, since you will no longer be a state resident, you cannot benefit from any state income tax credit unless you continue to pay state income taxes. You also have the option to roll over your account to... Read more
- Are contributions made pre-tax or after-tax?
- The money that you contribute to your Hawai'i ABLE account is made with after-tax dollars, and any of your account earnings can be withdrawn and used to pay for qualified expenses tax-free. Any money added to the account could qualify for a state income tax credit, which means you’ll have even more... Read more
