HR 3662 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow the deduction for retirement savings to be computed for a married individual on the basis of the sum of such individual's compensation and so much of the compensation of the spouse of such individual as exceeds the IRA deduction of such spouse.

Introduced 1983-07-26· Sponsored by Rep. Hance, Kent R. [D-TX-19]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1983-07-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow the income tax deduction for retirement savings to be computed for a married individual on the basis of the lesser of $2,000 or the sum of such individual's compensation and so much of the compensation of the spouse of such individual as exceeds the individual retirement account deduction of such spouse.…

Summarized by Claude AI · Non-partisan · For informational purposes only