Group annuities tax center
Find links to important tax information, useful forms and a list of our most frequently asked tax-related questions.
See how these tax processes can affect your contract:
Tax withholding election for periodic payments
Make your federal and state tax withholding elections.
State tax withholding forms
Some states have mandatory tax withholding and require residents to use their own form to make any withholding elections.
IRS Form 1099-R
This IRS form is a tax statement you receive that reports taxable distributions from pensions, annuities, retirement plans, profit-sharing plans, IRAs, or insurance contracts.
IRS Form W-9
This IRS form is used to certify U.S. taxpayer identification status for withholding purposes.
IRS Form W-8BEN
This IRS form is used to certify your foreign status for tax withholding if you are not a U.S. citizen or U.S. resident alien.
Duplicate tax form
A duplicate tax form from a prior tax year can be sent to your address of record at your request.
Take a look at our most frequently asked questions:
When will tax forms be mailed?
The following 2022 IRS tax forms will be mailed in 2023 on or about:
- Form 1099-INT on January 18
- Form 1099-MISC on January 20
- Form W-2 on January 20
- Form 1099-R on January 20
- Form 480.7C on February 28
- Form 1042-S on March 15
What tax form will I receive?
Most people will receive an IRS Form 1099-R and possibly an IRS Form 1099-INT. Information about these forms may be found at irs.gov.
A Form 1099-R is the tax form used for reporting distributions from certain qualified and nonqualified annuity contracts. Distributions reported on a 1099-R generally include full terminations or lump sums, partial withdrawals or periodic payments, death benefit claim payouts, 1035 exchanges, and direct rollovers.
A Form 1099-INT is the tax form that summarizes the interest income received during the calendar year. The interest earned must be at least $10.00 during the year for you to receive this form.
If you are a non-U.S. person, you will receive an IRS Form 1042-S, which will be mailed to you in mid-March.
How do I read my IRS Form 1099-R tax statement?
To access a reference guide for reading your IRS Form 1099-R tax statement, please refer to the online guide.
How can I change my withholding election?
If you need to change your tax withholding election for your benefit payments, complete and submit the Tax withholding election for periodic payments form.
John Hancock Annuities are issued by John Hancock Life Insurance Company (U.S.A.), Lansing, MI 48906, which is not licensed in New York. In New York, John Hancock Annuities are issued by John Hancock Life Insurance Company of New York, Valhalla, NY 10595. John Hancock Variable Annuities are distributed by John Hancock Distributors LLC.
MLINY052022953