H.R.765 - A bill to amend the Internal Revenue Code of 1954 to increase to $2,500 the maximum deduction for contributions to retirement savings and to allow individuals to compute the amount of the deduction for payments into retirement savings on the basis of the compensation of their spouses.98th Congress (1983-1984)
|Sponsor:||Rep. Daub, Hal [R-NE-2] (Introduced 01/25/1983)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 01/25/1983 Referred to House Committee on Ways and Means. (All Actions)|
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Summary: H.R.765 — 98th Congress (1983-1984)All Information (Except Text)
Introduced in House (01/25/1983)
Amends the Internal Revenue Code to increase to $2,500 the maximum deduction for contributions to retirement savings plans.
Allows certain individuals to compute the amount of the income tax deduction for retirement savings on the basis of the earned income of their spouses, without regard to any community property laws.