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HR 5940 98th Congress Taxation

A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a…

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A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.

Introduced: July 26, 1984 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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.
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APA
U.S. Congress. (2026). H.R. 5940: A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-5940/
MLA
"H.R. 5940: A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-5940/.
Bluebook (legal)
H.R. 5940, 98th Cong. (2026), https://openamerica.io/bill/98-HR-5940/.
Markdown link
[H.R. 5940: A bill to increase in 4 steps the maximum annual dollar amount limitation on deductions allowed under the Internal Revenue Code of 1954 for contributions to an individual retirement account of a spouse, to repeal the requirement that deductions for such contributions shall be allowed only if such spouse had no compensation for the taxable year, and to such provide that the amount of the limitation on the deduction allowed for such contributions shall be computed on the basis of the combined compensation of a husband and wife.](https://openamerica.io/bill/98-HR-5940/)
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