Solved: Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

 
1 Best answer

Accepted Solutions
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

Military retirement is Not an annuity, and is fully taxed at the Federal level. Many options exist for annuities with regard to taxable amounts. Most are a mix with taxable portion being less than gross amount.

View solution in original post

3 Replies
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

Military retirement is Not an annuity, and is fully taxed at the Federal level. Many options exist for annuities with regard to taxable amounts. Most are a mix with taxable portion being less than gross amount.

View solution in original post

New Member

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

thank you for clarification
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

You're quite welcome! ...
Dynamic Ads
v
Privacy Settings