Extension and enhancement of increased limitation on contributions to ABLE accounts
Title VII — Finance › Subtitle A — Tax › Chapter 1 — Providing permanent tax relief for middle-class families and workers
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No wording changed between Senate changes and Final version sent to the President.
How the text changed
(a) In general Section 529A(b)(2)(B) is amended— (1) in clause (i), by inserting (determined by substituting 1996 for 1997 in paragraph (2)(B) thereof) after section 2503(b), and (2) in clause (ii), by striking before January 1, 2026. (b) Effective dates (1) In general Except as otherwise provided in this subsection, the amendments made by this section shall apply to contributions made after December 31, 2025. (2) Modified inflation adjustment The amendment made by subsection (a)(1) shall apply to taxable years beginning after December 31, 2025.
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