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Independent agents and brokers may benefit from proposed tax regulations. (Photo: Shutterstock)

Independent insurance agents and brokers can celebrate a tax win for a change. Thanks in part to strong advocacy by many trade groups, including the National Association of Professional Insurance Agents (PIA), proposed regulations issued Aug. 8 by the U.S. Treasury and the Internal Revenue Service (IRS) specifically state that “insurance agents and brokers” are not excluded from taking the 20% pass-through tax deduction that was passed as part of the tax reform legislation signed into law late last year.

Rosalie Donlon

Rosalie Donlon is the managing editor of National Underwriter Property & Casualty magazine. You can contact her at rdonlon@alm.com.

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