A bill to amend the Internal Revenue Code of 1954 to allow the deduction for retirement savings to be computed for a married individual on the basis of the sum of such individual's compensation and so much of the compensation of the spouse of such individual as exceeds the IRA deduction of such spouse.

referredUnited States· United States Congress· EN

Introduced

26 July 1983

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow the income tax deduction for retirement savings to be computed for a married individual on the basis of the lesser of $2,000 or 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.

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Documents

1 official file

Introduced in House
summary · EN · 26 July 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/3662
Open data entity: https://api.congress.gov/v3/bill/98/hr/3662