Essential Guide: Are Texas Annuity Withdrawals Taxed

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.

Get a Quote →

This page is informational and not a coverage guarantee or quote.

Related in this grid

Leave a Reply

Your email address will not be published. Required fields are marked *