Sec. 110016. Extension of savers credit allowed for ABLE contributions
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Section 25B(d)(1) is amended to read as follows: The term qualified retirement savings contributions means, with respect to any taxable year, the sum of— the amount of contributions made by the eligible individual during such taxable year to the ABLE account (within the meaning of section 529A) of which such individual is the designated beneficiary, and in the case of any taxable year beginning before January 1, 2027— the amount of the qualified retirement contributions (as defined in section 219(e)) made by the eligible individual, the amount of— any elective deferrals (as defined in section 402(g)(3)) of such individual, and any elective deferral of compensation by such individual under an eligible deferred compensation plan (as defined in section 457(b)) of an eligible employer described in section 457(e)(1)(A), and the amount of voluntary employee contributions by such individual to any qualified retirement plan (as defined in section 4974(c)). .
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(1)of section 103(e) of the SECURE 2.0 Act of 2022 is repealed, and the Internal Revenue Code of 1986 shall be applied and administered as though such paragraph were never enacted. The amendments made by this section shall apply to taxable years ending after December 31, 2025.