ABLE Accounts: Permanent Savings Benefits for People with Disabilities
A house committee must act next: committee consideration.
This bill has strong bipartisan support and addresses popular programs that are about to expire. It is led by a member of the powerful House committee that handles tax laws.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Families with 529 college savings plans would permanently keep the option to move money into an ABLE account without a tax penalty if a child's needs change from education to disability support. This mainly affects a small number of families making that specific switch rather than students generally.
“Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking ``before January 1, 2026,''.”
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
The ENABLE Act would make key ABLE account provisions permanent, including the ability to roll over funds from Section 529 college savings programs into disability savings accounts without tax penalties, a provision currently scheduled to expire at the end of 2025.
Reintroduced in early 2025, the ENABLE Act seeks to permanently extend tax provisions that help individuals with disabilities save for the future. The bill ensures that working account holders can continue making extra contributions and families can repurpose 529 funds for disability needs.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
ENABLE Act
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