Search Results: keywords:"disability savings"

  • 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. 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.

  • H. R. 10302 — To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions.
    Status:Introduced in House
    Words:1,148

    H.R. 10302 seeks to amend the Internal Revenue Code to allow employers to contribute to ABLE accounts instead of making contributions to retirement plans. This change means that employees eligible for ABLE accounts can opt for their employer's contributions to go into their...

    Simple Explanation

    H.R. 10302 would let employers put money into special savings accounts for workers with disabilities instead of their retirement plans, making sure such deposits won't mess up the usual rules for saving for the future.