Direct answer
It depends on the type of annuity; Pennsylvania generally exempts payments from qualified plans, but non-qualified annuity distributions are typically taxed as interest income.
Pennsylvania Department of Revenue guidance on the taxation of retirement distributions. For additional information about retirement income exclusions, see the Pennsylvania Department of Revenue‘s guidance on personal income tax.
What this means for you
It depends on the type of annuity; Pennsylvania generally exempts payments from qualified plans, but non-qualified annuity distributions are typically taxed as interest income.
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