HR 9614 · 118th Congress · Taxation

ENABLE Act

Introduced 2024-09-17· Sponsored by Rep. Smucker, Lloyd [R-PA-11]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2024-09-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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. …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (12)

6 Democrats6 Republicans