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6 min read

Government JCT Releases Latest Tax Expenditure Report

By NAIFA on 1/16/24 3:25 PM

Last month, Congress’ Joint Committee on Taxation (JCT) released its annual “tax expenditure report.” This is a list of many tax code rules that result in the government not collecting tax on what would otherwise be taxable income. Many of these rules directly benefit life and health insurance, retirement savings, employer-provided benefits, and general investments.

Topics: Retirement Legislation & Regulations Taxes Debt Insurance Congress