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S. 4539Senate118th Congress (2023-2025)In Committee

ENABLE Act

Sponsored by Eric SchmittSen. Eric Schmitt (R-MO)
Introduced June 13, 2024

AI-Generated Summary

Updated January 20, 2026 at 5:21 PM UTC

The ENABLE Act amends the Internal Revenue Code to make several tax benefits for ABLE (Achieving a Better Life Experience) accounts permanent. It removes the 2026 deadline that currently limits higher contribution limits, the eligibility for the Saver’s Credit, and the ability to roll over funds from 529 college savings plans into ABLE accounts. The changes apply to future taxable years and distributions after the law is enacted, affecting individuals with disabilities who use ABLE accounts.

Key Provisions

  • Removes the January 1, 2026 deadline, making the higher contribution limits for qualified ABLE accounts permanent.
  • Eliminates the 2026 deadline for allowing ABLE account holders to claim the federal Saver’s Credit permanently.
  • Makes the ability to roll over funds from 529 college‑savings plans into ABLE accounts permanent, with the change effective for distributions made after enactment.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

June 13, 2024

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SenateIntro Referral

Introduced in Senate

June 13, 2024

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

June 13, 2024

Floor Debate

1 member

What members said about S. 4539 on the floor

1 Democrat
Patty Murray
Sen. Patty MurrayD-WA · Sep 19, 2024

Mr. President, I ask unanimous consent that if the Senate receives H.R. 9614 from the House of Representatives, the text of which is identical to S. 4539, the Senate proceed to its immediate…

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Bill Text

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Introduced in SenateIssued June 13, 2024

II

118th CONGRESS

2d Session

S. 4539

IN THE SENATE OF THE UNITED STATES

June 13, 2024

Mr. Schmitt (for himself, Mr. Casey, Mr. Boozman, Mr. Van Hollen, Mr. Cotton, Mr. Welch, Mr. Tuberville, Mr. Kaine, Mrs. Britt, Ms. Klobuchar, Mr. Mullin, and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.

1.

Short title

This Act may be cited as the Ensuring Nationwide Access to a Better Life Experience Act or the ENABLE Act.

2.

Permanent extension of increased contributions to ABLE accounts

(a)

In general

Section 529A(b)(2)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026.

(b)

Allowance of savers credit

Section 25B(d)(1) of the Internal Revenue Code of 1986, as amended by section 103(e)(1) of the SECURE 2.0 Act of 2022, is amended by striking before January 1, 2026,.

(c)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

3.

Permanent extension of rollovers to ABLE programs from 529 programs

(a)

In general

Section 529(c)(3)(C)(i)(III) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2026,.

(b)

Effective date

The amendment made by this section shall apply to distributions made after the date of the enactment of this Act.