Search Results: keywords:"529 rollovers"

  • H. R. 10296 — To amend the Internal Revenue Code of 1986 to make expiring ABLE provisions permanent, improve accessibility and education for families, and for other purposes.
    Status:Introduced in House
    Words:2,247

    H.R. 10296, also known as the “ABLE Tomorrow Act,” aims to amend the Internal Revenue Code to permanently extend and improve provisions related to ABLE accounts, which help people with disabilities save money. It removes previous expiration dates for increased contribution limits and allows...

    Simple Explanation

    The ABLE Tomorrow Act wants to help people with disabilities save money by making it easier for them to use special savings accounts called ABLE accounts forever, letting them save more and giving them more information about how these accounts work.

  • S. 4541 — To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
    Status:Placed on Calendar Senate
    Words:405

    S. 4541 is a bill that aims to permanently extend certain provisions concerning ABLE (Achieving a Better Life Experience) programs, which are savings plans that help individuals with disabilities meet their long-term expenses. The bill proposes changes to the Internal Revenue...

    Simple Explanation

    S. 4541 is a bill that wants to make it forever okay to put more money into special savings accounts called ABLE programs, which help people with disabilities save for future needs, and also to allow money to be moved from education savings to these accounts anytime.

  • S. 4539 — To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
    Status:Introduced in Senate
    Words:374

    S. 4539 aims to amend the Internal Revenue Code of 1986 to make certain provisions related to qualified ABLE (Achieving a Better Life Experience) programs permanent. Specifically, it removes the expiration date of January 1, 2026, for increased contributions to ABLE accounts...

    Simple Explanation

    This bill wants to make it easier for people with disabilities to save money for the future by letting them put more money into special savings accounts called ABLE accounts without worrying about a deadline. It also allows moving money from one type of savings account (529) for education into these ABLE accounts forever.