HR 1219
117th Congress
House
Taxation
Bank accounts, deposits, capital
Disability and paralysis
Income tax exclusion
ABLE Age Adjustment Act
Introduced: February 23, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2021
Referred to the House Committee on Ways and Means.
Feb 23, 2021
Introduced in House
Plain-English 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.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1