Bill · H.R. 1436· House(119-HR-1436)

ENABLE Act

Age: 62 years

Pennsylvania

Introduced: 2/18/2025
Last activity: 2/18/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Lloyd Smucker
Cosponsors: - 11 - 13

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "ENABLE Act," aims to amend the Internal Revenue Code of 1986. It seeks to make certain provisions regarding qualified ABLE programs permanent. Specifically, it addresses increased contributions to ABLE accounts. It also addresses the extension of rollovers to ABLE programs from 529 programs. The legislation includes changes to how qualified retirement savings contributions are defined.

Yes· 3 of 7

Would people with disabilities be better off under this?+8
The bill provides permanent certainty for ABLE account contribution limits and 529-to-ABLE rollovers which are vital financial tools for people with disabilities.
Does this expand the rights of people with disabilities?+7
The bill makes increased contributions to and rollovers into ABLE programs permanent, providing long-term financial stability for individuals with disabilities.
Would households on low incomes be better off under this?+4
The bill expands access to retirement-related tax credits through ABLE account contributions.