HR 1436
ENABLE Act
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Bill overview
This bill, the ENABLE Act, makes permanent certain provisions related to Qualified ABLE accounts (QABLEs), which are savings accounts designed for individuals with disabilities and their families. Specifically, it extends increased contribution limits and allows for rollovers from 529 college savings plans into QABLE accounts. The bill also removes a provision that limited the interaction between 529 plans and QABLE accounts, ensuring greater flexibility for savers.
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119th CONGRESS — 1st Session
H. R. 1436
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
This Act may be cited as the Ensuring Nationwide Access to a Better Life Experience Act ENABLE Act
or the
.
Section 529A(b)(2)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026
.
qualified retirement savings contributionsmeans, with respect to any taxable year, the sum of—
the amount of contributions made by the eligible individual during such taxable year to the ABLE account (within the meaning of section 529A) of which such individual is the eligible beneficiary, and
in the case of any taxable year beginning before January 1, 2027—
the amount of the qualified retirement contributions (as defined in section 219(e)) made by the eligible individual,
the amount of—
the amount of voluntary employee contributions by such individual to any qualified retirement plan (as defined in section 4974(c)).
Paragraph (1) of section 103(e) of the SECURE 2.0 Act of 2022 is repealed, and the Internal Revenue Code of 1986 shall be applied and administered as though such paragraph were never enacted.
Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026,
.
The amendment made by this section shall apply to distributions made after the date of the enactment of this Act.