ABLE contributions

For tax years 2023 through 2030, a subtraction is allowed to taxpayers who make a contribution to a qualified Achieving a Better Life Experience (ABLE) program administered by Colorado ABLE. If, in any subsequent tax year, there is a non-qualifying distribution, refund, or withdrawal, the account holder must make an addition on their Colorado return for the distribution, refund, or withdrawal. For additional information, please see Department publication Income Tax Topics: ABLE Contribution Subtraction .