S. 4539 · 118th Congress
ENABLE Act
- Stage
- In committee
- Sponsor
- Eric Schmitt
- Introduced
- 2024-06-13
- Latest action
- 2024-06-13 · Introduced in Senate
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 up to $1,000, and allowing a tax-free rollover from a qualified tuition (529 plan) to an ABLE account.