Tax expenditure list

Death Benefits Added To Tax Expenditure List – Hatch Outlines Vision for Tax Reform in Senate

Topics: Tax expenditure list, Tax treatment

This week, the Joint Committee on Taxation (JCT) released the annual update for its tax expenditure list, which included the exclusion for death benefits for the first time. The JCT defines a tax expenditure as, “revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross…