Search Results: keywords:"able programs"

  • 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.

  • 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.

  • 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. 4909 — To clarify the use of direct deposit for contributions to ABLE programs.
    Status:Introduced in Senate
    Words:179

    S. 4909 allows people to use direct deposit to contribute to ABLE programs, which are savings plans for individuals with disabilities. The bill makes clear that no existing law can block the use of direct deposit for these contributions, helping simplify and secure the...

    Simple Explanation

    S. 4909 says that people can easily send money straight from their bank to help save for friends or family with disabilities, and there should be no rules stopping this way of saving. It makes saving safer and simpler for everyone involved.