United StatesRaises ABLE-account SSI resource exclusion and indexes it to CPI
It changes how much people with disabilities can save in ABLE accounts without harming SSI eligibility, affecting savings and benefit access.
What it does
Raises the ABLE account amount excluded from SSI resource counting to $150,000 for 2026.
Indexes the annual excluded amount after 2026 to inflation using the CPI-U annual percentage change.
Requires the Social Security Commissioner to determine the annual amount and publish it by November 1 before the calendar year.
Makes a technical renumbering by redesignating subsection (c) as subsection (d) in Section 103.
Argument forIncreases the allowed ABLE account exclusion to $150,000 in 2026, allowing people with disabilities to save more without losing SSI eligibility.
Argument againstRaising the exclusion could reduce SSI program savings or increase costs if more assets are excluded, creating budgetary concerns.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 22Introduced in HouseLatest
- Jun 22Referred to the House Committee on Ways and Means.Introduced
Disability RightsTaxes & BudgetConsumer Protection