Skip to main content
HR 4516 97th Congress House

A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on the deduction for individual retirement…

Official title: A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on the deduction for individual retirement savings.

Introduced: September 17, 1981 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation Income taxIndividual retirement accountsLabor and EmploymentTax deductions
More subjectsShow fewer subjects
Unemployment insuranceWages
Sign in to write a letter Sign in to watch
This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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
Sep 17, 1981
Referred to House Committee on Ways and Means.
Sep 17, 1981
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.

 Latest action September 17, 1981

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to treat taxable unemployment compensation as wages for purposes of the limitation imposed on the income tax deduction for individual retirement account contributions.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4516: A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on the deduction for individual retirement savings.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4516/
MLA
"H.R. 4516: A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on the deduction for individual retirement savings.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4516/.
Bluebook (legal)
H.R. 4516, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4516/.
Markdown link
[H.R. 4516: A bill to amend the Internal Revenue Code of 1954 to provide that taxable unemployment compensation will be treated as wages for purposes of the limitation on the deduction for individual retirement savings.](https://openamerica.io/bill/97-HR-4516/)
Report a problem