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S. 331Senate117th Congress (2021-2023)In Committee

ABLE Age Adjustment Act

Sponsored by Robert P. Casey Jr.Sen. Robert P. Casey Jr. (D-PA)
Introduced February 22, 2021

AI-Generated Summary

Updated February 7, 2026 at 10:54 PM UTC

The ABLE Age Adjustment Act changes the tax code to raise the age limit for opening a qualified ABLE (Achieving a Better Life Experience) account from 26 to 46 years old. This expands eligibility for people with disabilities who want to save tax‑free for qualified expenses. The change takes effect for tax years beginning after the law is enacted, affecting anyone who would otherwise be ineligible because of age.

Key Provisions

  • Amends Section 529A(e) of the Internal Revenue Code to replace the phrase “age 26” with “age 46” in the eligibility language for qualified ABLE programs.
  • The amendment applies to taxable years that begin after the act’s enactment date.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

February 22, 2021

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SenateIntro Referral

Introduced in Senate

February 22, 2021

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

February 22, 2021

Bill Text

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Introduced in SenateIssued February 22, 2021

II

117th CONGRESS

1st Session

S. 331

IN THE SENATE OF THE UNITED STATES

February 22, 2021

Mr. Casey (for himself, Mr. Moran, Mr. Wyden, Mr. Van Hollen, Mr. Boozman, Mr. Blumenthal, and Ms. Murkowski) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for qualified ABLE programs.

1.

Short title

This Act may be cited as the ABLE Age Adjustment Act.

2.

Modification of age requirement for qualified ABLE programs

(a)

In general

Section 529A(e) of the Internal Revenue Code of 1986 is amended by striking age 26 each place it appears in paragraphs (1)(A) and (2)(A)(i)(II) and inserting age 46.

(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.