A bill to amend the Internal Revenue Code of 1954 to increase the maximum dollar limitation on the amount deductible for pensions for the self-employed from $2,500 a year to $7,500 a year.

Provides that, under the Internal Revenue Code of 1954 the maximum dollar limitation on the amount deductible for pensions for the self-employed shall be increased from $2,500 a year to $7,500 a year. (Amends 26 U.S.C. 404(e))