ABLE MATCH (Making Able a Tool to Combat Hardship) Act
To amend the Internal Revenue Code of 1986 to provide matching payments for ABLE account contributions by certain individuals, and for other purposes.
This bill proposes changes to the Internal Revenue Code to offer matching payments for contributions made to ABLE accounts by specific individuals. ABLE accounts are savings accounts for individuals with disabilities that allow for tax-free withdrawals used for qualified disability expenses. By providing matching payments, the bill aims to encourage savings for these individuals and support their financial needs.
The bill would primarily affect individuals with disabilities and their families, offering them a financial incentive to save for future expenses related to disabilities. It could also impact state and federal budgets if the matching payments are funded by public funds.
Currently, the bill has been introduced and referred to the House Committee on Ways and Means, which will review and potentially make changes to the proposal. The next steps include committee hearings, possible amendments, and a vote in the House. The bill was introduced on July 21, 2026, and referred to the committee on the same day.
