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United States · Bill · HR

H.R. 13962 (95th)

A bill to increase the amount allowable as deduction for retirement savings.

referredUnited States· United States Congress· EN

Introduced

17 August 1978

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Amends the Internal Revenue Code to increase the income tax deduction for contributions to retirement savings accounts to $2,300 ($2,700 for certain married individuals) for taxable years beginning in 1978 with yearly cost-of-living increases for taxable years beginning after 1978.

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Documents

1 official file

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Sources

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