ABLE MATCH Act provides matching payments for ABLE account contributions and requires demographic reporting.
The ABLE MATCH (Making Able a Tool to Combat Hardship) Act amends the Internal Revenue Code to provide matching payments for ABLE account contributions by certain individuals. It allows a matching contribution for individuals who are designated beneficiaries of an ABLE account and make qualified contributions. The matching contribution is equal to the applicable percentage of the contributions made, up to $2,000. The bill also requires demographic reporting for ABLE accounts, including information on race, gender, and disability type.
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