HR 2553 · 98th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to increase to $2,500 the maximum deduction for contributions to retirement savings.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1983-04-13)
Plain Language Summary
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Amends the Internal Revenue Code to increase the maximum allowable income tax deduction for contributions to retirement savings plans from $2,000 to $2,500. Increases the deduction levels for contributions to spousal IRA's and for contributions by divorced individuals.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (2)
2 Republicans