You'll need to sign in or create an account to connect with an expert.
Your annuity is not a wage.
But each withholding (say, 15%) is calculated as if is your only income. When you add them together, you can end up in higher tax bracket (say, 25%).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
4739a404cfe2
New Member
yss225
New Member
lbru442413
New Member
anne-brooks
New Member
elfretz
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.