ENABLE Act
Taxation
senate
house
president
Introduced on June 13, 2024 by Eric Stephen Schmitt
Cosponsors
Legislation Details
Last updated 9/28/2024
Introduced on June 13, 2024 by Eric Stephen Schmitt
Last updated 9/28/2024
Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act
This bill makes permanent three tax provisions relating to ABLE (Achieving a
Better Life Experience) Accounts established to assist disabled individuals,
specifically provisions allowing increased contributions to such accounts, the
allowance of a retirement savings contribution tax credit up to $1,000, and
allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE
account.