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Main Subject: Taxation

ABLE Age Adjustment Act

This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)

HR1219-117, S4808-117,

Senate Actions

IntroReferral
Feb. 22 2021	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Feb. 22 2021	Introduced in Senate

Senate bill S331-117

ABLE Age Adjustment Act

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