QUESTION
What would my taxes be if I'm on disability and inherited an annuity from my mom?
Asked on Mar 14th, 2015 on Taxation - Ohio
1 ANSWER
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Disability income is generally taxable, but the income is usually low enough that no taxes are owed. If you inherited an annuity, the insurance company will have sent you a statement of the amount, if any, of taxable income.
Answered on Mar 17th, 2015 at 4:19 AM