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United States · Bill · HR

H.R. 66 (101st)

IRA Equity Act

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

IRA Equity Act - Repeals provisions of the Tax Reform Act of 1986 that place limitations on: (1) individual retirement account (IRA) deductions for active participants in certain pension plans; and (2) nondeductible contributions to individual retirement plans. Amends the Internal Revenue Code to permit an individual filing a joint income tax return to include a spouse's compensation in calculations to determine the maximum amount permitted as a deduction for qualified retirement contributions (thus permitting a nonworking or the lesser-earning spouse a deduction of up to $2,000 for IRA contributions).

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Documents

2 official files

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Sources

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