3.0.0 1961 2023-03-08T20:12:14Z 2023-03-08T20:12:14Z Senate S 2021-06-07 117 ssfi00 Finance Committee Senate Standing Referred to 2021-06-07T21:58:10Z 2021-06-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-06-07 Introduced in Senate IntroReferral 10000 9 Library of Congress K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely N Taxation Employee benefits and pensions Income tax deductions Income tax deferral Inflation and prices Taxation 00 2021-06-07 Introduced in Senate 2021-07-14T13:07:00Z Increasing Retirement Amount Act of 2021 or the IRA Act of 2021

This bill increases to $12,000 the retirement savings contribution limit for individual taxpayers not participating in an employed-sponsored retirement plan. It also increases the limit on catch-up contributions to retirement plans.

]]> IRA Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase IRA contribution limits for individuals without an employer retirement plan. Introduced in Senate IS Display Title IRA Act of 2021 Short Title(s) as Introduced IRA Act of 2021 Introduced in Senate IS Short Title(s) as Introduced Increasing Retirement Amount Act of 2021 Introduced in Senate IS Introduced in Senate 2021-06-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1961is/xml/BILLS-117s1961is.xml 2021-06-07 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.