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Increased Age Limit for ABLE Savings Programs

This new law raises the age limit for individuals eligible for ABLE savings programs from 26 to 46. This change allows more people with disabilities to save money without losing crucial government benefits, making it easier for them to manage their finances and improve their quality of life.
Key points
The age limit for ABLE programs increases from 26 to 46.
More individuals with disabilities will be able to benefit from tax-advantaged savings.
The changes will apply to tax years beginning after the law's enactment.
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Additional Information
ABLE Age Adjustment Act
Print number: HR 1219
Sponsor: Rep. Cárdenas, Tony [D-CA-29]
Process start date: 2021-02-23