H.R. 4795 · 114th Congress
ABLE to Work Act of 2016
- Stage
- In committee
- Sponsor
- Ander Crenshaw
- Introduced
- 2016-03-17
- Latest action
- 2016-03-17 · Introduced in House
Summary
ABLE to Work Act of 2016
This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.