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United States · Bill · HR

H.R. 1911 (99th)

Fair Retirement Act of 1985

referredUnited States· United States Congress· EN

Introduced

2 April 1985

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

29 August 2025

Summary

Fair Retirement Act of 1985 - Amends the Internal Revenue Code to allow the income tax deduction for a spousal individual retirement account to be computed on the basis of the compensation of both spouses. Allows such a deduction in an amount equal to the lesser of: (1) $2,000 or; (2) the sum of such individual's compensation and so much of the compensation of the spouse of such individual as exceeds the individual retirement account deduction of such spouse. Provides for annual cost-of-living adjustments to maximum annual individual retirement account contribution limits.

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Documents

1 official file

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Sources

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