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HR 4516 97th Congress House Taxation Income tax Individual retirement accounts Labor and Employment Tax deductions Unemployment insurance Wages

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…

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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
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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
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 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.

What's happening now September 17, 1981

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
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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/)
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