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United States · Bill · HR

H.R. 14687 (94th)

A bill to amend the Internal Revenue Code of 1954 to provide for individual supplemental retirement savings.

referredUnited States· United States Congress· EN

Introduced

1 July 1976

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

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Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Amends the Internal Revenue Code to increase from $1,500 to $5,000 the deduction allowed for contributions to individual retirement accounts. Eliminates the present prohibition of such deductions by taxpayers who are participants in other retirement plans.

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Documents

1 official file

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Sources

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