Are annuity contributions tax-deductible?

0
Posted

Are annuity contributions tax-deductible?

0

When you purchase an annuity for an IRA or other qualified retirement plan, your contributions may be tax-deductible. Contributions to a non-qualified annuity are not tax-deductible. There is no added tax advantage from investing qualified funds, such as an IRA, in an annuity.

Related Questions