ABLE MATCH (Making Able a Tool to Combat Hardship) Act
May 12, 2026
Introduced: May 12, 2026
May 12, 2026
Introduced: May 12, 2026
Summary
Helps people with disabilities save money by having the government match their contributions to special savings accounts called ABLE accounts.
What problem does this solve?
People with disabilities often struggle to save money without risking their eligibility for essential government benefits. This bill helps by creating a government matching program for their savings, making it easier to build financial security.
What does this bill do?
Reference
Text:
Section:
Sec. 2(a)
Header:
Matching payments for ABLE account contributions by certain individuals
Creates a federal match for ABLE account savings
Establishes a new government program to match contributions made by an individual to their own ABLE account, up to $2,000 per year.
Sets income limits for the full match
Provides a 100% match for eligible individuals, but this amount is reduced for those with higher incomes, starting at $56,000 for joint filers.
Requires demographic data collection
Mandates that ABLE programs report demographic information, including race, gender, and disability type, for all account beneficiaries to the government.
Reference
Text:
Section:
Sec. 4
Header:
Grants to promote use of ABLE accounts and the matching contribution credit
Funds state promotion of ABLE accounts
Authorizes $5 million per year for four years in grants for states to promote the use of ABLE accounts and the new matching contribution program.
Pays the match directly to the savings account
Specifies that the matching contribution will be paid by the Secretary of the Treasury directly into the individual's ABLE account after they file a tax return.
Who does this affect?
- Individuals with disabilities
- Families of individuals with disabilities
What is the real world impact?
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Encourages financial independence for disabled individuals
Provides a direct financial incentive for people with disabilities and their families to save for the future, helping them build assets without jeopardizing their eligibility for other public benefits.
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Gathers data on ABLE account usage
Requires programs to collect demographic data on account holders. This information could be used to understand who is benefiting from these accounts and guide future policy decisions.
When does this start?
The main provisions of this bill would start for tax years after December 31, 2026, with other parts taking effect at different times.
Matching contributions
The matching payment program will apply to tax years beginning after December 31, 2026.
Demographic reporting
The requirement for ABLE programs to report demographic data begins on the date the bill is signed into law.
Promotional grants
Grants to states for promoting ABLE accounts are authorized for fiscal years 2027 through 2030.