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LakeArenal

(29,838 posts) Wed May 8, 2024, 11:53 AM May 2024

I can't seem to find this tax question...

Married couple on SS can draw an additional amount from annuity annually without tax implications.

How much is that?

3 replies

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I can't seem to find this tax question... (Original Post) LakeArenal May 2024 OP

What do you mean by "annuity"? marybourg May 2024 #1

You need to check with an accountant. PoindexterOglethorpe May 2024 #2

Thanks. LakeArenal May 2024 #3

marybourg

(13,193 posts)

1. What do you mean by "annuity"?

Reply to LakeArenal (Original post)

Wed May 8, 2024, 12:01 PM

May 2024

PoindexterOglethorpe

(26,730 posts)

2. You need to check with an accountant.

Reply to LakeArenal (Original post)

Wed May 8, 2024, 12:18 PM

May 2024

Unless the money coming from the annuity is already tax exempt (which it might or might not be, depending on the annuity) there will probably be tax implications for the annuity income.

Taxes are complicated. Consult an accountant.

LakeArenal

(29,838 posts)

3. Thanks.

Reply to PoindexterOglethorpe (Reply #2)

Wed May 8, 2024, 12:36 PM

May 2024

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