HR 5440 · 97th Congress · Labor and Employment
A bill to amend the Internal Revenue Code of 1954 to increase the age by which distributions from certain retirement plans must begin.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1982-02-03)
Plain Language Summary
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Amends the Internal Revenue Code to increase from 70 1/2 to 75 the maximum age before which an individual may make contributions to an individual retirement account. Increases from 70 1/2 to 75 the maximum age by which distributions must begin from: (1) individual retirement accounts; (2) qualified pension, profit sharing, and stock bonus plans; (3) individual retirement annuities; and (4) retirement bonds.…
Summarized by Claude AI · Non-partisan · For informational purposes only