IRS Seeks Feedback on ABLE Account Tax Forms
Published Date: 4/6/2026
Notice
Summary
The IRS wants your thoughts on two forms about ABLE accounts, which help people save money for disability-related expenses. They’re checking if these forms are easy to use and not too much work. If you have ideas or concerns, send them in by June 5, 2026—this helps keep things smooth and fair for everyone involved.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
ABLE Account Forms Updated; Small Paperwork Burden
If you or someone you care for has an ABLE account for disability-related savings, the IRS is asking for comments by June 5, 2026, on revised Forms 5498-QA and 1099-QA. Form 5498-QA will be revised to capture amounts rolled over from a Trump account to an ABLE account, and the forms report contributions, rollovers, fair market value, and distributions. The IRS estimates 20,000 responses, about 11 minutes per response, totaling 3,600 annual burden hours.
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