Economic Growth and Retirement Act of 1983 - Amends the Internal Revenue Code to allow certain married individuals to be eligible for the income tax deduction for retirement savings on the basis of the earned income of their spouses.
Increases the maximum amount of the deduction for retirement savings to $5,000. Phases in this increased deduction over a three-year period.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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