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:
Make your federal and state tax withholding elections.
Some states have mandatory tax withholding and require residents to use their own form to make any withholding elections.
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.
This IRS form is used to certify U.S. taxpayer identification status for withholding purposes.
A duplicate tax form from a prior tax year can be sent to your address of record at your request.
Retirement benefit payments from group annuity contracts are tax reportable, so it’s important that you keep your address of record current so you can receive your tax forms on time.
The following 2025 IRS tax forms will be mailed in 2026 on or about:
- Form 1099-R on January 25
- Form 1099-INT on January 26
- Form 1099-MISC on January 30
- Form W-2 on January 30
- Form 480.7C on February 28
- Form 1042-S on March 15
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.
To access a reference guide for reading your IRS Form 1099-R tax statement, please refer to the online guide.
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.
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