Page 277 - Small Business IRS Training Guides

Objectives

At the end of this lesson, you will be able to identify:

• The contribution limit of an ABLE account

• Eligibility requirements for claiming the Saver’s Credit for contributions to an ABLE account

• When amounts can be rolled over from a 529 plan to an ABLE account

Contents

Topic See Page

Overview .................................................................................................................................................. 11024/11025-1
Annual Contribution Limit ......................................................................................................................... 11024/11025-3

Saver’s Credit ........................................................................................................................................... 11024/11025-4

Rollovers and Transfers from Section 529 Plans ..................................................................................... 11024/11025-4

Summary .................................................................................................................................................. 11024/11025-5

Answers to Exercises ............................................................................................................................... 11024/11025-6

73233-102 11024/11025-2 Tax Cuts and Jobs Act