Veterans and military families face unique financial challenges, especially when managing the costs of a disability.

Many disabled veterans with “marked and severe” functional limitations may not realize they’re eligible for ABLE programs like ABLEnow—or that even more individuals will qualify starting in 2026.

In a recent webinar hosted by the Military Officers Association of America, Navy veteran and tax professional Kevin Matthews called ABLE accounts one of the “often overlooked” tax benefits available to some veterans and military families.

For veterans receiving Veterans Affairs (VA) disability compensation, an ABLEnow account offers a tax-advantaged way to save for healthcare, housing, education, and other essential needs. Unlike traditional savings options, ABLEnow funds grow tax-free, and withdrawals for qualified disability expenses are not taxed.

Military families can also contribute to an ABLEnow account to support a loved one with a disability. In addition, ABLEnow balances generally do not impact eligibility for means-tested programs like Medicaid and Supplemental Security Income (SSI), within certain limits.

Read more about how ABLEnow accounts can support veterans and their families in this Military.com article, published in March 2025.