A bill to amend the Internal Revenue Code of 1954 with respect to the maximum amount which may be contributed to a retirement plan for a self-employed individual.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from the greater of $7,500 or 15 percent of earned income to the greater of $7,500 or 25 percent of earned income the amount which can be contributed to certain retirement plans for a self-employed individual. Directs the Secretary of the Treasury to annually adjust the $7,500 limitation to account for increases in the cost of living.…