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.