Tax – ABLE Act Improvement Bills Reintroduced

On April 4, three bills to make improvements to the Stephen J. Beck, Jr. Achieving a Better Life Experience (ABLE) Act were introduced:

  • The ABLE Age Adjustment Act (H.R.1874/S.817) would raise the age limit for eligibility for ABLE accounts to individuals disabled before age 46.
  • The ABLE to Work Act (H.R.1896/S.818) would allow individuals and their families to save more money in an ABLE account if the beneficiary works and earns income.
  • The ABLE Financial Planning Act (H.R.1897/S.816) would allow families to rollover savings from a Section 529 college savings plan to an ABLE account.

More information about the bills and The Arc’s position can be found on our blog.

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