HR 9614
118th Congress
House
Taxation
ENABLE Act
Introduced: September 17, 2024
Introduced by:
Smucker, Lloyd
Republican
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2024
Referred to the House Committee on Ways and Means.
Sep 17, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1