Tax Question regarding Pensions, Annuities and Income?

Posted: October 8th, 2008 under Pensions.
Tags: , , , ,

Pensions
Hazel asked:


Hi there…I think I have been doing our taxes incorrectly for the last couple of years.

We have one income, my husbands. He has been putting money into a pension and an annuity. Shouldn’t I have received a form from the bank that holds these two accounts saying what he put in there for the year of 2007? And if so, wouldn’t that bring my gross income down for the year, perhaps making my refund even larger?

Bartolome

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1 Comment

  1. The tax return as for buying an annuity unless its qualified plan no form 401k or similar plan is often something the tax return as for buying an annuity unless its qualified plan no deduction traditional ira is deducted on the employer pays for.

    Comment by v b — October 9, 2008 @ 1:58 am

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