Tax

In 2023, the average premium jumped about 20% on average, according to the Insurance Information Institute.

In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.

The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.

Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.

The notice contains interim guidance for insurance companies ahead of proposed regulations on the 15% minimum tax under the Inflation Reduction Act.

An extension of the popular $7,500 tax credit available to EV buyers was included in the surprise breakthrough deal reached by Senator Joe Manchin and Senate Majority Leader Chuck Schumer last week.

Permanent life insurance has a bad reputation. Here’s what financial advisors think about its potential for retirement planning if taxes rise under Biden.

Senate Majority Leader Mitch McConnell said the compromise will end the requirement that all individuals buy insurance or pay a fine.