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118-hr-10296Committee
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ABLE Tomorrow Act

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Summary

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The ABLE Tomorrow Act makes permanent several expiring provisions of the ABLE (Achieving a Better Life Experience) account program, which allows individuals with disabilities to save money without losing means-tested benefits. The bill increases contribution limits permanently, eliminates state recovery of medical assistance from ABLE accounts upon death, allows rollovers from 529 education savings accounts without annual limits, and permits employer contributions to ABLE accounts through retirement plans. It also requires the Social Security Administration and Department of Veterans Affairs to inform beneficiaries about ABLE accounts and their benefits.

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Bill details

Congress
118
Bill type
hr
Introduced
December 4, 2024
Sponsor
Not yet available
Last action
December 4, 2024— Referred to the Committee on Ways and Means, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

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