Helping Americans Save Act of 2015

Summary: Helping Americans Save Act of 2015  Amends the Internal Revenue Code to expand eligibility for the retirement savings tax credit by increasing income eligibility limits. Allows an annual inflation adjustment to such income levels for taxable years beginning after 2015.  Amends title IV, part A (Temporary Assistance for Needy Families) of the Social Security Act to allow the disregard of the value of certain retirement plans for purposes of determining eligibility for programs to assist needy families, social security disability benefits, and low-income home energy assistance. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Helping Americans Save Act of 
2015''.

SEC. 2. SAVER'S CREDIT EXPANDED.

    (a) Increase in Income Limits.--
            (1) In general.--Section 25B(b)(1) of the Internal Revenue 
        Code of 1986 is amended--
                    (A) in subparagraph (A) by striking ``$30,000'' and 
                inserting ``$50,000'',
                    (B) in subparagraph (B) by striking ``$30,000 but 
                not over $32,500'' and inserting ``$50,000 but not over 
                $60,000'',
                    (C) in subparagraph (C) by striking ``$32,500 but 
                not over $50,000'' and inserting ``$60,000 but not over 
                $70,000'', and
                    (D) in subparagraph (D) by striking ``$50,000'' and 
                inserting ``$70,000''.
            (2) Conforming amendment to inflation adjustment.--Section 
        25B(b)(3) of such Code is amended--
                    (A) by striking ``2006'' in the matter preceding 
                subparagraph (A) and inserting ``2015'', and
                    (B) by striking ``2005'' in subparagraph (B) 
                thereof and inserting ``2014''.
    (b) Adjustment of Credit Amount for Inflation.--Section 25B(a) of 
such Code is amended--
            (1) by striking ``In the case of'' and inserting the 
        following:
            ``(1) In general.--In the case of'', and
            (2) by adding at the end the following:
            ``(2) Inflation adjustment.--In the case of any taxable 
        year beginning in a calendar year after 2015, the $2,000 amount 
        contained in paragraph (1) shall be increased by an amount 
        equal to--
                    ``(A) such dollar amount, multiplied by
                    ``(B) the cost-of-living adjustment determined 
                under section 1(f)(3) for the calendar year in which 
                the taxable year begins, determined by substituting 
                `calendar year 2014' for `calendar year 1992' in 
                subparagraph (B) thereof.
        Any increase determined under the preceding sentence shall be 
        rounded to the nearest multiple of $50.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2014.

SEC. 3. RETIREMENT CONTRIBUTIONS AND SAVINGS DISREGARDED FOR CERTAIN 
              MEANS-TESTED PROGRAMS.

    (a) TANF Program.--Section 408(a) of the Social Security Act (42 
U.S.C. 608(a)) is amended by adding at the end the following:
            ``(13) Disregard of certain retirement accounts and 
        contributions.--In determining the eligibility of an individual 
        for assistance, or the amount of assistance payable to an 
        individual, under a State program funded under this part, the 
        State shall disregard any amount contributed by the individual 
        to, and the value of--
                    ``(A) any funds in a plan, contract, or account, 
                described in sections 401(a), 403(a), 403(b), 408, 
                408A, 457(b), and 501(c)(18) of the Internal Revenue 
                Code of 1986 and any funds in a Federal Thrift Savings 
                Plan account as provided in section 8439 of title 5, 
                United States Code;
                    ``(B) any retirement program or account included in 
                any successor or similar provision that may be enacted 
                and determined to be exempt from tax under the Internal 
                Revenue Code of 1986; and
                    ``(C) any other retirement plans, contracts, or 
                accounts (as determined by the Secretary of Health and 
                Human Services).''.
    (b) SSI Program.--
            (1) Income disregard.--Section 1612(b) of such Act (42 
        U.S.C. 1382a(b)) is amended--
                    (A) by striking ``; and'' at the end of paragraph 
                (25);
                    (B) by striking the period at the end of paragraph 
                (26) and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(27) any amount received by the individual, to the extent 
        that the amount is contributed by the individual to a program, 
        plan, contract, or account referred to in section 1613(a).''.
            (2) Resource disregard.--Section 1613(a) of such Act (42 
        U.S.C. 1382b(a)) is amended--
                    (A) by striking ``; and'' at the end of paragraph 
                (16);
                    (B) by striking the period at the end of paragraph 
                (17) and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(18)(A) any funds in a plan, contract, or account, 
        described in sections 401(a), 403(a), 403(b), 408, 408A, 
        457(b), and 501(c)(18) of the Internal Revenue Code of 1986 and 
        any funds in a Federal Thrift Savings Plan account as provided 
        in section 8439 of title 5, United States Code;
            ``(B) any retirement program or account included in any 
        successor or similar provision that may be enacted and 
        determined to be exempt from tax under the Internal Revenue 
        Code of 1986; and
            ``(C) any other retirement plans, contracts, or accounts 
        (as determined by the Commissioner of Social Security).''.
    (c) LIHEAP.--There shall not be included in any determination under 
section 2605(b)(2)(B) of the Low-Income Home Energy Assistance Act of 
1981 (42 U.S.C. 8624(b)(2)(B)) of household eligibility for Low-Income 
Home Energy Assistance Program funds, any amount contributed to, and 
the value of--
            (1) any funds in a plan, contract, or account, described in 
        sections 401(a), 403(a), 403(b), 408, 408A, 457(b), and 
        501(c)(18) of the Internal Revenue Code of 1986 and any funds 
        in a Federal Thrift Savings Plan account as provided in section 
        8439 of title 5, United States Code;
            (2) any retirement program or account included in any 
        successor or similar provision that may be enacted and 
        determined to be exempt from tax under the Internal Revenue 
        Code of 1986; and
            (3) any other retirement plans, contracts, or accounts (as 
        determined by the Secretary of Health and Human Services).