Tax breaks for annual investments in life insurance and annuities could be limited to $10,000 under a proposal for sweeping tax reform being advanced by a presidential advisory panel.
Members of the President’s Advisory Panel on Federal Tax Reform talked about the proposal at a hearing Tuesday, but their written report is not due until Nov. 1.
Advisors: Tax Life And Annuity Asset Growth
Source: National Underwriter (subscription required)
Advisors: Tax Life And Annuity Asset Growth
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