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118-hr-9614Committee
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ENABLE Act

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Summary

Official CRS summary

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 of up to $1,000 ($2,000 per married couple filing jointly) for contributions to an ABLE account, and allowing a tax-free rollover from a qualified tuition program (529 plan) to an ABLE account.

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Bill details

Congress
118
Bill type
hr
Introduced
September 17, 2024
Sponsor
Not yet available
Last action
September 17, 2024— Referred to the House Committee on Ways and Means.

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