How much of my Annuity Payment is taxable?
Only $0 (0.0%) of your annuity payment is taxable each year until you reach age and 100% thereafter.
Under annuity tax rules, a portion of each payment is considered a return of principal excluded from taxation. Recognizing only a portion of your annuity payment in your tax return during this period might lower your overall tax rate and reduce the portion of any taxable Social Security payment. Click here to Learn Even More.
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