ENABLE Act

HR 9614, the ENABLE Act, permanently extends key tax benefits for ABLE accounts, which help people with disabilities save money without losing government benefits. The bill removes an expiration date (previously set for January 1, 2026) for higher contribution limits and the savers credit for ABLE accounts, and allows permanent rollovers of funds from 529 college savings plans into ABLE accounts. These changes directly affect individuals with disabilities and their families who use ABLE accounts for savings. The bill makes these provisions permanent, applying to future taxable years and distributions after enactment.