Question

If my employer purchased an annuity plan for me as a retirement incentive, is that qualified or non-qualified?

Forum|Forum|4 years ago
February 9, 2022
1 reply
0 views

No text available

TurboTax Deluxe Online

Most plans are qualified, which means they adhere to guidelines promulgated by the IRS to make contributions to them tax-deferred. If you make contributions to the plan and they are not included in your taxable income as reported in box 1 on your W-2 form, or if your employer does the same, it is probably a qualified plan. You can ask your employer to make sure though.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"