Extension and Enhancement of Increased Limitation on Contributions to Able Accounts
Section 70115 · Sec. 70115 ·
What this chapter is about
This part takes the end date off a higher limit on ABLE account payments in. It also moves an inflation base year back by one. Most of it starts with payments made after December 31, 2025.
“in clause (ii), by striking "before January 1, 2026".”
The section strikes the words before January 1, 2026 from clause (ii) of section 529A(b)(2)(B) of the Internal Revenue Code of 1986, and inserts into clause (i) words substituting 1996 for 1997 in paragraph (2)(B) of section 2503(b) of that Code.
What the document actually says
“in clause (ii), by striking "before January 1, 2026".”
That sentence, in plain words
Words setting an end date are taken out. Those words were before January 1, 2026.
What this is about
A second change moves an inflation base year. It goes from 1997 back to 1996. That changes how the limit grows.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70115 in the PDF
What the document says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to contributions made after December 31, 2025.”
The section applies its amendments to contributions made after December 31, 2025, except that the change to the inflation adjustment applies to taxable years beginning after December 31, 2025.
What the document actually says
“Except as otherwise provided in this subsection, the amendments made by this section shall apply to contributions made after December 31, 2025.”
That sentence, in plain words
The changes reach money paid in after December 31, 2025. One part of the section is treated apart.
What this is about
That part is the inflation change. It starts with tax years after the same date. Money paid in before then is not touched.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Both things the section does: the two amendments to the contribution limit, and the two effective dates.
Nothing in the section is left out. It has two subsections and each is recorded.
The section works by amending section 529A(b)(2)(B) of the Internal Revenue Code of 1986 and points to section 2503(b) of that Code, neither of which is indexed here, so what the limit is cannot be checked against anything on this site.
