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S 455 99th Congress Senate Taxation Divorcees 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.

Introduced: February 7, 1985 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 1985
Committee on Finance requested executive comment from OMB, Treasury Department.
Feb 7, 1985
Read twice and referred to the Committee on Finance.
Feb 7, 1985
Introduced in Senate
 Plain-English summary Congressional Research Service

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 February 14, 1985

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

 Committees of jurisdiction 1