Senators Bob Casey (D-PA) and Eric Schmitt (R-MO) introduced the ENABLE Act, which would permanently extend three key provisions of the Enabling a Better Living Experience (ABLE) program. Enacted by Senator Casey in 2014, ABLE allows people with disabilities and their families to save in tax-free accounts without affecting their eligibility for federal programs such as Medicaid and Supplemental Social Security Income (SSI). The three provisions, which are at risk of expiring in 2025, promote greater access and enhanced savings capacity within the program. The ENABLE Act aims to make these provisions permanent and ensure that people with disabilities across the country continue to have access to ABLE accounts.
The bill has bipartisan support, including from Senators John Boozman (R-AR), Chris Van Hollen (D-MD), Peter Welch (D-VT), Tim Kaine (D-VA), Tommy Tuberville (R-AL), Amy Klobuchar (D-MN), and Markwayne Mullin (R-OK). Provisions include allowing working people with disabilities to contribute more than the standard limits to ABLE accounts, providing a non-refundable tax credit for contributions, and allowing rollovers from 529 education savings accounts to ABLE accounts under certain conditions.
Since its inception, the ABLE program has enabled savings of more than $1.74 billion to more than 162,000 Americans with disabilities. The ENABLE Act builds on the success of the ABLE Age Adjustment Act, which expands eligibility for ABLE accounts and is scheduled to take effect in 2026.
