Summary: S.818 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.818. Bill summaries are authored by CRS.

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Introduced in Senate (04/04/2017)

ABLE to Work Act of 2017

This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.