HR 15076 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide for individual supplemental retirement savings.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1976-08-05)
Plain Language Summary
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Amends the Internal Revenue Code to increase from $1,500 to $5,000 the deduction allowed for contributions to individual retirement accounts. Eliminates the present prohibition of such deductions by taxpayers who are participants in other retirement plans.…
Summarized by Claude AI · Non-partisan · For informational purposes only