S. 331 · 117th Congress
ABLE Age Adjustment Act
- Stage
- In committee
- Sponsor
- Bob Casey
- Introduced
- 2021-02-22
- Latest action
- 2021-02-22 · Introduced in Senate
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.)