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

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Plain-English summary Congressional Research Service

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 September 17, 2024

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version