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How much of each annuity payment will be tax-free?

April 26, 2017Annuity payment tax-free

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How much of each annuity payment will be tax-free?

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The tax-free portion of each payment is directly related to the age of the payment beneficiary. More mature recipients enjoy a greater percentage tax-free. This benefit is determined when the annuity is established and remains the same for the life expectancy of the recipient.