Internal Revenue Code Section 529A
GPTKB entity
Statements (32)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:administeredBy |
states or state agencies
|
| gptkbp:alsoKnownAs |
gptkb:Achieving_a_Better_Life_Experience_Act
|
| gptkbp:amendedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:benefit |
tax-free growth for qualified disability expenses
|
| gptkbp:codifiedIn |
gptkb:Title_26_of_the_United_States_Code
|
| gptkbp:dateEnacted |
2014
|
| gptkbp:eligibility |
gptkb:transportation
gptkb:assistive_technology education health care housing financial management employment training personal support services disability onset before age 26 individuals with significant disabilities |
| gptkbp:enables |
creation of ABLE accounts
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:excludesFrom |
means-tested federal benefits (up to $100,000)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Internal Revenue Code Section 529A
|
| gptkbp:maximumAnnualContribution |
$17,000 (as of 2023)
|
| gptkbp:purpose |
to provide tax-advantaged savings accounts for individuals with disabilities
|
| gptkbp:relatedTo |
gptkb:Section_529_of_the_Internal_Revenue_Code
|
| gptkbp:subject |
annual contribution limits
Medicaid payback provision aggregate account limits set by states |
| gptkbp:taxStatus |
earnings grow tax-free if used for qualified expenses
contributions are after-tax |
| gptkbp:website |
https://www.congress.gov/bill/113th-congress/house-bill/647
|
| gptkbp:bfsParent |
gptkb:Achieving_a_Better_Life_Experience_Act
|
| gptkbp:bfsLayer |
7
|