NATIONAL ABLE RESOURCE CENTER: Members of Congress Re-Introduce ABLE Improvement Bills
Earlier this month, a bi-partisan group of Members of Congress introduced a group of individual bills that would better the benefits provided through the ABLE Act. The group of bills consists of the following three pieces of proposed legislation:
- The ABLE Age Adjustment Act (S. 817/HR 1874) would raise the age limit for ABLE accounts to age 46.
- The ABLE Financial Planning Act (S. 816/HR 1897) would allow families to rollover savings in a 529 college savings plan into an ABLE account.
- The ABLE to Work Act (S. 818/HR 1896) would allow individuals and their families to save more money in an ABLE account if the beneficiary works and earns income.