ABLE MATCH Act Introduced by Senator Casey

Senator Bob Casey (D-PA), with cosponsors Sens. Wyden (D-OR), Klobuchar (D-MN), Sanders (I-VT), and Duckworth (D-IL), introduced the ABLE MATCH (Making Able a Tool to Combat Hardship) Act. The Achieving a Better Life Experience (ABLE) Act was passed into law in 2014, creating tax-free savings accounts for individuals with disabilities to cover qualified disability-related expenses.

According to a press release, the ABLE MATCH Act would create a federal dollar-for-dollar match, up to $2,000 per year, for new and existing ABLE accounts held by individuals annually making $28,000 or less.