A bill to amend the Internal Revenue Code of 1954 to increase the limit on the deductions allowable to individuals for contributions to retirement accounts established for the benefit of spouses.
Increased Savings for Spouse Retirement Act - Amends the Internal Revenue Code to increase the amount of the income tax deduction for retirement savings for a taxpayer's spouse.
Allows an income tax deduction up to $3,000 for contributions made for the benefit of a handicapped spouse.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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