KSWO brings you the latest local, state and national health news on MedWatch. During the evening broadcast, MedWatch reporter, Haley Wilson, informs you about new advances in medications, tests and procedures to diagnose and treat all types of illnesses.
If you are an individual who is exempt from Medicare taxes, you still may be subject to the Net Investment Income Tax if you have Net Investment Income and also have modified adjusted gross income over the applicable thresholds.
By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service. Yes. Money that you invest in an annuity grows tax-deferred. When you eventually make withdrawals, the amount you contributed to the annuity is not taxed, but your earnings are taxed at your regular income tax rate.