Section 529A of the Internal Revenue Code

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:United_States_federal_law
gptkbp:accountLimit	$100,000 before affecting SSI benefits
gptkbp:administeredBy	states or state agencies
gptkbp:allows	creation of ABLE accounts
gptkbp:alsoKnownAs	gptkb:Achieving_a_Better_Life_Experience_Act gptkb:ABLE_Act
gptkbp:amendedBy	gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:benefit	individuals with disabilities earnings grow tax-free distributions for qualified disability expenses are tax-free
gptkbp:codifiedIn	26 U.S.C. § 529A
gptkbp:dateEnacted	2014
gptkbp:eligibility	disability onset before age 26
gptkbp:enactedBy	gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label	Section 529A of the Internal Revenue Code
gptkbp:maximumAnnualContribution	$17,000 (as of 2023)
gptkbp:modeledAfter	gptkb:Section_529_of_the_Internal_Revenue_Code
gptkbp:purpose	to provide tax-advantaged savings accounts for individuals with disabilities
gptkbp:qualifiedExpensesInclude	gptkb:transportation gptkb:assistive_technology education health care housing financial management employment training
gptkbp:relatedTo	gptkb:Medicaid gptkb:Social_Security_Administration gptkb:Section_529_of_the_Internal_Revenue_Code
gptkbp:website	https://www.congress.gov/bill/113th-congress/house-bill/647
gptkbp:bfsParent	gptkb:ABLE_accounts
gptkbp:bfsLayer	7