S. 1961 · 117th Congress
Increasing Retirement Amount Act of 2021
- Stage
- In committee
- Sponsor
- John Kennedy
- Introduced
- 2021-06-07
- Latest action
- 2021-06-07 · Introduced in Senate
Summary
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.