Finding answers to your tax questions is now less taxing.

Get Answers To Your Tax Questions

H&R Block Tax Professionals relentlessly focus on making sure you profit from every deduction and credit available.

I'm the beneficiary of an annuity. The owner of the annuity let the interest roll back into the annuity. Now, the annuity has been paid out with interest. Do I have to pay tax on the interest?

The annuity payout at death is a death benefit to a beneficiary. The only interest that's taxable is the interest earned after the date of death.

There's usually a lag time between the date of death and the time the actual claim is paid. Interest earned during that period is taxable.

You'll receive a Form 1099 for the annuity proceeds. However, the death benefit isn't taxable.

You must report earnings from a nonqualified annuity distribution as taxable interest income. A nonqualified annuity is an investment that’s not classified as a retirement account.

If you'd like to learn more, see Publication 559: Survivors, Executors, and Administrators at

Look At Your Life Through Taxes

No matter which life stage you're in, H&R Block has the tools and resources to help you understand how taxes impact your life. It's our Purpose. We look at your life through tax... and find ways to help.

Tax Calculators

Estimate your withholdings, calculate your refund, or find out how health care laws may impact you.

Browse Tax Articles

Looking for articles written by the pros at H&R Block? Search our article database to find answers to all of your tax related questions.