To amend the Internal Revenue Code of 1986 to make expiring ABLE provisions permanent, improve accessibility and education for families, and for other purposes.

Bill 118 hr 10296, also known as the ABLE Age Adjustment Act, aims to amend the Internal Revenue Code of 1986 to make certain provisions related to Achieving a Better Life Experience (ABLE) accounts permanent. ABLE accounts are tax-advantaged savings accounts for individuals with disabilities and their families to save for disability-related expenses.

The bill seeks to improve accessibility and education for families by making it easier for individuals with disabilities to open and maintain ABLE accounts. This includes increasing the age limit for eligibility to open an ABLE account from 26 to 46, allowing more individuals with disabilities to benefit from these accounts.

Additionally, the bill includes provisions to enhance education and outreach efforts to inform families about the benefits of ABLE accounts and how to utilize them effectively. This will help ensure that individuals with disabilities and their families are aware of the resources available to them and can make informed decisions about their financial future. Overall, the ABLE Age Adjustment Act aims to provide greater financial security and independence for individuals with disabilities by making ABLE provisions permanent, improving accessibility to these accounts, and increasing education and outreach efforts for families.