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Alabama · Through Act 2026-611

Ala. Code § 38-14-6: Source of Deposits; Limitations on Deposits.

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Where this section sits in the code
  1. Title 38 Public Welfare.
  2. Chapter 14 Individual Development Account Program.

(a) Deposits to individual development accounts made by the account owner shall come from earned income, including, but not limited to, wages, earned income tax credit returns, child support payments, supplemental security income (SSI), disability benefits, community service under TANF, AmeriCorps stipends, VISTA stipends, and job training programs.

(b) Eligible individuals shall certify that their deposits do not exceed their income. A cap on deposits made by the account owner is set at two thousand dollars ($2,000).

Collected 2026-09-03T14:01:53Z. Source file · JSON

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