S 331
117th Congress
Senate
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Income tax exclusion
ABLE Age Adjustment Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2021
Read twice and referred to the Committee on Finance.
Feb 22, 2021
Introduced in Senate
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Plain-English summary
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.)
What's happening now
Read twice and referred to the Committee on Finance.
Related & companion bills
2
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cite this page
U.S. Congress. (2026). S. 331: ABLE Age Adjustment Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-331/
"S. 331: ABLE Age Adjustment Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-331/.
S. 331, 117th Cong. (2026), https://openamerica.io/bill/117-S-331/.
[S. 331: ABLE Age Adjustment Act](https://openamerica.io/bill/117-S-331/)