Pipeline · Bill → Law
Step 1
Introduced
Sep 17, 2024
Step 2
Referred
Sep 17, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Sep 17, 2024
Introduced in House
Sep 17, 2024
Referred to the House Committee on Ways and Means.