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Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Individual retirement accounts
Languages : en
Pages : 284
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Author: Paul J. Graney
Publisher: Nova Publishers
ISBN: 9781590339077
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
Individual retirement accounts (IRAs), established by the Employee Retirement Income Security Act of 1974 (PL 93-406) to promote retirement saving, were limited at first to workers (and spouses) who lacked employer pension coverage. Income tax was deferred on both contribution and investment earnings. Annual contributions were limited to the smaller of $1,500 or 15% of earnings. Eligibility was expanded to all workers and their spouses by the Economic Recovery Tax Act of 1981 (PL 97-34). Annual contributions were limited to the smaller of $2,000 or 100% earnings. The Tax Reform Act Reform Act of 1986 (PL 99-514) continued tax deferral for IRA earnings, but it limited tax deferrals for contributions to those from: (1) tax filers with no employer plan (for either spouse); and (2) filers with employer pension coverage but whose adjusted gross income (AGI) is below specified limits. The Taxpayer Relief Act of 1997 (PL 105-34) increased these AGI limits, allowed penalty-free early withdrawals for higher education expenses and first-home purchases, and authorised a new 'Roth IRA' to provide tax-free income from after-tax contributions and untaxed investment earnings. This book reviews the key details concerning these legal arrangements for retirement.
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Income tax deductions for retirement contributions
Languages : en
Pages : 104
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Book Description
Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 100
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Book Description
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
ISBN: 1437907083
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
Congress created individual retirement accounts (IRAs) with two goals: (1) to provide a retirement savings vehicle for workers without employer-sponsored retirement plans; and (2) to preserve individuals¿ savings in employer-sponsored retirement plans when they change jobs or retire. Questions remain about IRAs¿ effectiveness as a vehicle to facilitate new, or additional, retirement savings. This is a report on: (1) the role of IRAs in retirement savings; (2) the prevalence of employer-sponsored and payroll-deduction IRAs and barriers discouraging employers from offering these IRAs; and (3) changes that are needed to improve IRA information and oversight. Charts and tables.
Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 820
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Book Description
Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 1924
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Book Description
Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 812
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Book Description
