IRA Act of 2021
USA117th CongressS-1961| Senate
| Updated: 6/7/2021
John Kennedy
Republican Senator
Louisiana
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Employee benefits and pensionsIncome tax deductionsIncome tax deferralInflation and prices
IRA Act of 2021
USA117th CongressS-1961| Senate
| Updated: 6/7/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
John Kennedy
Republican Senator
Louisiana
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employee benefits and pensionsIncome tax deductionsIncome tax deferralInflation and prices