S4498Referred to Committee
A bill to amend the Internal Revenue Code of 1986 to make expiring ABLE provisions permanent, improve accessibility and education for families, and for other purposes.
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-05-12
Introduced
3
Cosponsors
S
ⓘType
Latest Action
Read twice and referred to the Committee on Finance.
2026-05-12
Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2026-05-12
Bill Summary
The bill would make permanent certain tax benefits for people with disabilities who use ABLE accounts (special savings accounts that let disabled individuals save money without losing government benefits), and would expand access to these accounts and improve education about how families can use them. Currently these tax provisions are set to expire, so the bill aims to keep them in place indefinitely while making the accounts easier to understand and use. This would primarily benefit disabled individuals and their families who rely on these accounts to save for disability-related expenses.
Read the full bill text
