ABLE account definition

ABLE account or "account" means an account established

ABLE account means an account established within any state having a

ABLE account means an account estab- lished by an eligible individual, owned by the eligible individual and maintained under the qualified ABLE program established by the Oregon 529 Savings Board under ORS 178.380.

Examples of ABLE account in a sentence

• No. The ABLE Act limits the opportunity to one ABLE account per eligible individual.

• For many families, the ABLE account will be a significant and viable option in addition to, rather than instead of, a Trust program.

• A prior ABLE account that has been closed does not prohibit the subsequent creation of another ABLE account for the same account owner.

• For treatment of deposits into an ABLE account, see SI 01130.740.

• This subparagraph (GG) is exempt from the provisions of Section 250; and (HH) For taxable years beginning on or after January 1, 2018 and prior to January 1, 2023, a maximum of $10,000 contributed in the taxable year to a qualified ABLE account under Section 16.6 of the State Treasurer Act, except that amounts excluded from gross income under Section 529(c)(3)(C)(i) or Section 529A(c)(1)(C) of the Internal Revenue Code shall not be considered moneys contributed under this subparagraph (HH).

More Definitions of ABLE account

ABLE account means an individual trust account or savings

ABLE account means an account established by an eligible individual, owned by the eli-

ABLE account means an account established within any state having a qualified ABLE program as provided in 26 U.S.C. sec. 529A, as amended;

ABLE account means an account under a qualified ABLE program under Section 529A of the Code as further defined in Section 529A(e)(6) of the Code.

ABLE account means an account:

ABLE account means an account established under a qualified ABLE program and owned by the designated beneficiary of that account.

ABLE account or "account" means an account established for the purpose of financing certain qualified expenses of eligible individuals as specifically provided for in this Section and authorized by Section 529A of the Internal Revenue Code.