H.R. 9614 · 118th Congress
ENABLE Act
- Stage
- In committee
- Sponsor
- Lloyd Smucker
- Introduced
- 2024-09-17
- Latest action
- 2024-09-17 · Introduced in House
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.