S 818
115th Congress
Senate
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Employee benefits and pensions
Income tax credits
Income tax exclusion
ABLE to Work Act of 2017
Introduced: April 4, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 2017
Read twice and referred to the Committee on Finance.
Apr 4, 2017
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1