HR 22
99th Congress
House
Taxation
Income tax
Individual retirement accounts
Married people
Retirement income
Tax deductions
Tax-deferred compensation plans
A bill to amend the Internal Revenue Code of 1954 to increase to $2,500 the maximum deduction for contributions to retirement savings and to allow individuals to compute the amount of the deduction for payments into retirement savings on the basis of the compensation of their spouses.
Introduced: January 3, 1985
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 3, 1985
Referred to House Committee on Ways and Means.
Jan 3, 1985
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to increase to $2,500 the maximum deduction for contributions to retirement savings plans.
Allows certain individuals to compute the amount of the income tax deduction for retirement savings on the basis of the earned income of their spouses without regard to any community property laws.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1