
Direct answer
No, because Texas does not impose a state individual income tax, you will not pay state-level taxes on annuity withdrawals, though federal taxes still apply.
Texas Comptroller of Public Accounts tax policy regarding personal retirement income. For additional information about state tax policies, see the Texas Comptroller of Public Accounts‘ official website.
What this means for you
No, because Texas does not impose a state individual income tax, you will not pay state-level taxes on annuity withdrawals, though federal taxes still apply.
FARMER STOCKMAN
Protecting Your Future with Confidence
No pressure. No jargon. Just honest answers from advisors who genuinely care about your family’s protection.
This page is informational and not a coverage guarantee or quote.
