Skip to main content
HR 4215 103th Congress House Taxation Collection of accounts College costs Cost of living adjustments Economics and Public Finance Education Educational finance Families Higher education Home ownership Housing and Community Development Housing finance Income tax Indexing (Economic policy) Individual retirement accounts Interest Interest rates Labor and Employment Married people Tax deductions

To amend the Internal Revenue Code of 1986 to increase the deduction for retirement savings, to permit nonemployed spouses a full IRA deduction, and for other purposes.

Introduced: April 14, 1994 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 1994
Referred to the House Committee on Ways and Means.
Apr 14, 1994
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to increase the retirement savings deduction and the maximum individual retirement account contribution from $2,000 to $2,500. Raises income phase-out limits. Allows such a deduction for nonemployed spouses. Provides an inflation adjustment for retirement savings deductions.

Excludes from gross income qualified distributions from certain retirement plans for first-time homebuyers and higher education expenses of the taxpayer, spouse, or child. Requires the repayment of such amounts with interest.

What's happening now April 14, 1994

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Apr 14, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4215: To amend the Internal Revenue Code of 1986 to increase the deduction for retirement savings, to permit nonemployed spouses a full IRA deduction, and for other purposes.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-4215/
MLA
"H.R. 4215: To amend the Internal Revenue Code of 1986 to increase the deduction for retirement savings, to permit nonemployed spouses a full IRA deduction, and for other purposes.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-4215/.
Bluebook (legal)
H.R. 4215, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-4215/.
Markdown link
[H.R. 4215: To amend the Internal Revenue Code of 1986 to increase the deduction for retirement savings, to permit nonemployed spouses a full IRA deduction, and for other purposes.](https://openamerica.io/bill/103-HR-4215/)
Report a problem