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Federal Matching Payments for ABLE Savings Accounts for Disabled Individuals.

This legislation establishes a federal matching program for ABLE savings accounts, designed for individuals with disabilities. Low-income citizens contributing to their ABLE accounts will receive a dollar-for-dollar match, up to $2,000 annually. The goal is to encourage savings and financial stability without jeopardizing essential social benefits like Medicaid or SSI.
Key points
The federal government will match 100% of contributions made to an ABLE account, up to $2,000 per year, for eligible individuals with disabilities.
The full matching benefit is targeted at lower-income individuals, phasing out above specific income thresholds (e.g., $56,000 for joint filers).
The matching payments are protected and cannot be reduced or offset by other federal debts or outstanding taxes.
The law also authorizes grants to states to promote the use of ABLE accounts and this new matching credit.
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Additional Information
Print number: 118_S_2522
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2023-07-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2522.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-26.

What are the main provisions?

Key points include:

  • The federal government will match 100% of contributions made to an ABLE account, up to $2,000 per year, for eligible individuals with disabilities.
  • The full matching benefit is targeted at lower-income individuals, phasing out above specific income thresholds (e.g., $56,000 for joint filers).
  • The matching payments are protected and cannot be reduced or offset by other federal debts or outstanding taxes.
  • The law also authorizes grants to states to promote the use of ABLE accounts and this new matching credit.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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