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

This bill aims to significantly boost savings for individuals with disabilities by establishing a federal matching payment program for contributions to Achieving a Better Life Experience (ABLE) accounts. It introduces a new tax credit that allows eligible designated beneficiaries to receive a payment equal to 100 percent of their qualified ABLE account contributions, up to a maximum of $2,000 per year . This credit is not a tax refund but is directly paid by the Treasury Secretary into the individual's ABLE account, effectively doubling their savings for the first $2,000 contributed annually. The matching payment is specifically designed to assist individuals with fewer resources, with eligibility for the full 100% match phasing out for those with modified adjusted gross incomes above certain thresholds, such as $56,000 for joint filers . These income thresholds will be adjusted for inflation in future years. Importantly, these federal payments are protected from reduction or offset by other federal debts, ensuring the funds directly benefit the account holder. The provisions of this act are set to apply to taxable years beginning after December 31, 2026. Beyond the matching payments, the legislation also mandates enhanced transparency and outreach for ABLE programs. It requires qualified ABLE programs to include demographic information , such as race, gender, and disability type, in their reports to the Secretary of the Treasury. Furthermore, the bill authorizes $5 million in grants annually from fiscal years 2027 through 2031 for states to promote the use of ABLE accounts and raise awareness of this new matching contribution credit.