The ABLE MATCH Act creates a new federal matching contribution program for ABLE accounts, which are tax-advantaged savings accounts designed for individuals with disabilities. Starting in 2027, eligible individuals who contribute up to $2,000 annually to their ABLE accounts will receive a matching government contribution equal to 100 percent of their contribution, though this match gradually decreases for higher-income earners and phases out entirely for joint filers with modified adjusted gross income above $76,000. The matching payment is delivered as a tax credit that the government deposits directly into the account, with a simplified option allowing lower matching amounts to be claimed as a regular tax credit instead. The legislation also requires ABLE program administrators to collect and report demographic information about account holders and authorizes $5 million annually through 2030 for grants to states to promote participation in ABLE accounts and the new matching program.
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