To amend the Internal Revenue Code of 1986 to increase the catch-up contribution limit for retirement plans of participants age 62 through 64.

Fact Sheet API

Bill Number

HR 2942

Introduced

Apr 30, 2021

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Employee benefits and pensions Income tax deferral Income tax exclusion Inflation and prices Taxation

Full Text

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Votes

Summary

This bill increases the amount of the catch-up contribution available to participants in certain tax-exempt retirement plans who have attained age 62, 63, or 64.

Actions

Apr 30, 2021

Referred to the House Committee on Ways and Means.
Apr 30, 2021

Introduced in House

Amendments

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