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

This bill would create a federal matching payment for people who own an ABLE account (a tax-advantaged savings account for people with disabilities) and put their own money into it. The federal government would match up to $2,000 of a person's yearly contributions, deposited into the account after the person files a tax return. The full match would go to joint filers with modified adjusted gross income up to $56,000 (lower thresholds for other filers) and would shrink to zero over the next $20,000 of income, with the threshold adjusted for inflation after 2027. The match would be reduced by certain withdrawals in recent years, and states running ABLE programs would have to report demographic data such as race, gender, and disability type. The bill would also authorize $5 million per year from 2027 through 2030 for grants to states to promote ABLE accounts and the match.

Full text and official record on Congress.gov

Sponsors

• Chris Van Hollen Democrat sponsor
• 7 cosponsors