Search Results: keywords:"529 plans"

  • H. R. 9614 — To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
    Status:Introduced in House
    Words:353

    The bill, H.R. 9614, titled the “Ensuring Nationwide Access to a Better Life Experience Act” or the “ENABLE Act,” aims to make certain provisions for ABLE (Achieving a Better Life Experience) programs permanent under the Internal Revenue Code. It seeks to remove the...

    Simple Explanation

    The bill wants to let people keep putting more money in special savings accounts for people with disabilities without any end date, and it also lets them move money from certain college savings accounts into these special accounts. This means saving and planning for the future would be easier for them.

  • H. R. 8438 — To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses.
    Status:Introduced in House
    Words:346

    H. R. 8438 proposes changes to the Internal Revenue Code of 1986 to allow money from section 529 plans to be used for transportation and parking costs. These costs must be reasonable and related to attending an eligible educational institution, and must not exceed the...

    Simple Explanation

    H.R. 8438 is a bill that wants to make it okay for people to use special college savings money to pay for getting to school or an apprenticeship, like bus fare or parking, as long as the school agrees it's a reasonable amount.