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S. 651

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to increase the age requirement with respect to eligibility for qualified ABLE programs.
About This Bill
Committee
Latest Action · March 5, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
March 5, 2019
Cosponsors (23)
16D 7R
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Summary

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ABLE Age Adjustment Act This bill increases from 26 to 46 the age threshold for tax-favored ABLE (Achieving a Better Life Experience) accounts. (ABLE accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses. To establish an account, an individual must have a qualifying impairment that began before the individual attained the age threshold.)

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