ABLE MATCH (Making Able a Tool to Combat Hardship) Act

This bill would create a federal tax credit for people with disabilities who put their own money into an ABLE savings account. The credit would match up to $2,000 of their yearly contributions and be paid directly into the account. The match starts at 100 percent and shrinks as income rises above $56,000 for joint filers, with lower starting points for other filers. The bill would also remove an existing tax credit in section 25B of the tax code and require ABLE programs to report the race, gender, and disability type of account holders. It would also allow $5 million per year from 2027 through 2031 for grants to states to promote ABLE accounts and the match.

Full text and official record on Congress.gov

Sponsors

• Debbie Dingell Democrat sponsor
• 3 cosponsors