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Thursday
Aug012013

Spousal IRAs Renamed

DateThursday, August 1, 2013 at 7:15AM by AuthorBanking Spectrum

President Obama signed into law on July 25, 2013 a bill to rename a provision in the tax code that allows nonworking spouses to make equal contributions to their IRAs after its sponsor. Former Sen. Hutchinson (R-TX) sponsored the original spousal IRA legislation with Sen. Barbara Mikulski (D-MD), as part of the Small Business Job Protection Act of 1996 (P.L. 104-188). Click here to read about Spousal IRAs.

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