Senate Finance Committee Chairman William V. Roth Jr. is readying legislation that would ease contribution and eligibility caps on some tax-favored retirement accounts.

The bill, which could be introduced as early as next week, would let a person of any income level put $5,000 a year in an individual retirement account, up from $2,000. It would also raise to $15,000, from $10,000, the maximum individual contribution to a 401(k) or 403(b) account.

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