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Makes permanent two tax-code changes that help people with disabilities save and use education funds more flexibly. It permanently treats contributions to ABLE accounts as “qualified retirement savings contributions” for purposes of the Saver’s Credit, and it permanently allows rollovers from 529 education savings accounts into ABLE accounts. The changes take effect for taxable years and distributions after the law is enacted.
Referred to the House Committee on Ways and Means.
Introduced February 18, 2025 by Lloyd K. Smucker · Last progress February 18, 2025
ENABLE Act