H.R. 4104 — To amend the Internal Revenue Code of 1986 to increase the limitations on the deduction for retirement savings, and for other purposes.

Summary

Amends the Internal Revenue Code to increase the allowable deductions for retirement savings.

Allows tax-free withdrawals from individual retirement plans for: (1) educational expenses; (2) first-time home purchases; (3) medical care; and (4) day care expenses.

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Legislative Actions

1990-02-26
Introduced in House
1990-02-26
Introduced in House
1990-02-26
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase the limitations on the deduction for retirement savings, and for other purposes.

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Summary

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