A bill to amend the Internal Revenue Code of 1954 to increase the annual contribution limit for individual retirement accounts from $2,000 to $3,000 and to make such accounts more equitable in the case of lesser earning and nonworking spouses.

openUnited States· United States Congress· EN

Introduced

7 October 1983

Last action

—

Status

Committee on Finance requested executive comment from OMB, Treasury Department.

Summary

Amends the Internal Revenue Code to increase the income tax deduction for contributions to individual retirement accounts from $2,000 to $3,000. Allows the maximum deduction for non-working spouses.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 7 October 1983
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/1950
Open data entity: https://api.congress.gov/v3/bill/98/s/1950