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New Tax Law Increases Attractiveness Of Annuities
The new tax law makes annuities more attractive by allowing tax-free recovery of more than original cost in some cases and altering how the payments are taxed. It notes exceptions for social security, railroad retirement benefits, and employer contributions, with guidance on calculating tax-free portions using cost basis and actuarial tables.
MENTIONED IN THIS ARTICLE
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Rt. Samarhan Anulineganite
Felix Cotten
Washington
Pia Sena A
Aiuir Cuadelatslaniati
Tnternal Revenue Service