CCA 2021 Package Includes Life Insurance Interest Rate Provision
December 23, 2020 by Allison Bell
The big new federal spending package — the Consolidated Appropriations Act, 2021 (CCA 2021) package — includes a section that could change when the Internal Revenue Services classifies a financial arrangement as life insurance.
The section would replace two fixed interest rate benchmarks used in life insurance-related tax calculations with variable rates.
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Originally Posted at ThinkAdvisor on December 22, 2020 by Allison Bell.
Categories: Industry Articles