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Level 2
September 28, 2022
Solved

Tax on Retirement Annuity

  • September 28, 2022
  • 1 reply
  • 11 views

Which taxes do I pay on retirement annuity disbursements? Fed. Withholding, Medicare, Social Security taxes?

Best answer by VolvoGirl

Just federal income tax and maybe state.  Not Social Security and Medicare. You can tell them how much federal and state withholding you want taken out.

1 reply

VolvoGirl
VolvoGirlAnswer
Level 15
September 28, 2022

Just federal income tax and maybe state.  Not Social Security and Medicare. You can tell them how much federal and state withholding you want taken out.

TortAuthor
Level 2
September 28, 2022

Thanks so much.