Solved: I am 83 - last year I added to my annuity $10,000 that I had saved. How can I - or can I - use that to help with the amount of taxes I owe?
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sunny35
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I am 83 - last year I added to my annuity $10,000 that I had saved. How can I - or can I - use that to help with the amount of taxes I owe?

 
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macuser_22
Level 15

I am 83 - last year I added to my annuity $10,000 that I had saved. How can I - or can I - use that to help with the amount of taxes I owe?

Annuities outside of an IRA are not tax deductible and you cannot contribute to a Traditional IRA after age 70 1/2.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22
Level 15

I am 83 - last year I added to my annuity $10,000 that I had saved. How can I - or can I - use that to help with the amount of taxes I owe?

Annuities outside of an IRA are not tax deductible and you cannot contribute to a Traditional IRA after age 70 1/2.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

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