H.R. 1219 · 117th Congress
ABLE Age Adjustment Act
- Stage
- In committee
- Sponsor
- Tony Cárdenas
- Introduced
- 2021-02-23
- Latest action
- 2021-02-23 · Introduced in House
Summary
ABLE Age Adjustment Act
This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)