How Are Non Qualified Fixed Annuities Taxed?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Gain from non-qualified tax deferred annuities are taxed as ordinary income at the effective tax bracket rate of the annuity owner. Most annuities are purchased for future income. The longer the deferred annuity is held without constructive receipt of income, the more significant the power of deferral is on the account.

   Answered on July 26, 2013

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