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

This bill creates a new federal tax credit that matches contributions to ABLE savings accounts, which are designed to help people with disabilities save for qualified expenses. The government will contribute up to 100% of an individual's annual contributions, capped at $2,000, provided the taxpayer's income falls below specific thresholds that phase out the benefit. To receive the match, individuals must file a tax return claiming the credit, and the funds are typically deposited directly into their ABLE account. The legislation also requires state programs to report demographic data about account holders and authorizes $5 million in annual grants to help states promote these savings accounts.