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If you are retired and have Social Security income plus annuities do you have to pay estimated tax quarterly?
Wiki User
∙ 9y ago
It would depend on your level of withholding and whether or not you are taking taxable distributions from your annuities. If you have other income that is not subject to withholding, that would likely require you to pay quarterly estimated taxes. On time and adequate quarterly payments will help you avoid any tax penalties for late payment.
Wiki User
∙ 9y ago
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What are some companies that help pay for fixed annuities?
Companies such as Prudential, Met Life, Fidelity, and Merrill Edge all pay fixed annuities. Fixed annuities are typically utilized by those who are retired or are about to retire.
Should I buy annuities before retirement?
There are many types of annuities that you can buy. They are generally divided into two main types: immediate and deferred. After that there are also fixed or variable annuities. In general the variable annuities are used for retirement. But do not just buy annuities without realizing what they are. You need to make a long term investment plan if you want to really benefit from. It is best to create this as soon as possible, rather than after you are retired. As with all investments there is time involved.
What is average ny social security benefit pay?
what is the average social security payment for all people that are retired
Do you have to file tax returns if you are retired?
Income tax returns are generally based on the amount of income, not the source. However, Social Security and other income not from wages may be treated differently for Federal, state, or local taxes. (This can apply to IRA, 401-K, and annuities.)More information is available at the IRS link and your state tax agency.
Which tax is collected to support retired or disabled workers?
social security tax
Can you collect social security benefits while retired from the state of NC?
Yes
Is Social security payments received by a retired factory worker included in this year's GDP?
Answering "Is Social security payments received by a retired factory worker included in this year's GDP?"
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Which of the following is not a responsibility of the Department of Labor?
Provide retired Americans with Social Security payments.
Can retired postal employee draw social security benefits from deceased husband?
yes
The provided monthly pensions for retired people?
The Social Security Act is what provided monthly pensions for retired people. It was a tax created in 1930 for employers and employees.
What can you do if you are retired at 65 and have no income except Social Security and a small pension?
I will ask my grandchildren to help me.
