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S 1950 98th Congress Senate Taxation Income tax Individual retirement accounts Labor and Employment Married people Tax deductions Tax-deferred compensation plans

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…

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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.

Introduced: October 7, 1983 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.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 1983
Committee on Finance requested executive comment from OMB, Treasury Department.
Oct 7, 1983
Read twice and referred to the Committee on Finance.
Oct 7, 1983
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now October 14, 1983

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

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 26, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1950: 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.. 98th Congress. Open America. https://openamerica.io/bill/98-S-1950/
MLA
"S. 1950: 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.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-1950/.
Bluebook (legal)
S. 1950, 98th Cong. (2026), https://openamerica.io/bill/98-S-1950/.
Markdown link
[S. 1950: 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.](https://openamerica.io/bill/98-S-1950/)
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