S 214
98th Congress
Senate
Taxation
Divorce
Income tax
Individual retirement accounts
Married people
Tax deductions
Tax-deferred compensation plans
A bill to permit a married individual filing a joint return to deduct certain payments made to an individual retirement plan established for the benefit of a working spouse.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 31, 1983
Committee on Finance requested executive comment from OMB; Treasury Department.
Jan 27, 1983
Read twice and referred to the Committee on Finance.
Jan 27, 1983
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to permit a married taxpayer filing a joint return to deduct from gross income certain amounts paid to an individual retirement account established for the benefit of a working spouse.
Increases from $1,125 to $2,000 the allowable deduction for contributions to an individual retirement account for certain divorced taxpayers.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1