Search Results: keywords:"savers credit"

  • 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. 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.