S. 818 · 115th Congress
ABLE to Work Act of 2017
- Stage
- In committee
- Sponsor
- Richard Burr
- Introduced
- 2017-04-04
- Latest action
- 2017-04-04 · Introduced in Senate
Summary
ABLE to Work Act of 2017
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 additional 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.