Updated October 5, 2026. Quick answer: No. The Nevada Constitution bars an income tax on “wages or personal income of natural persons”, so annuity payments add no Nevada income tax.
How Nevada treats annuity income
| Item | What the documents say |
|---|---|
| Treatment | Not taxed by the state |
| Where it is written | Nevada Constitution, Article 10, Section 1, subsection 9 |
| Businesses | The same section adds that “taxes may be levied upon the income or revenue of any business” |
A $24,000 example
A stream of $24,000 in annuity payments adds $0 of Nevada income tax. Federal tax on the payments still applies.
What changes in 2026
The latest documents read print no 2026 change to the way annuity income is taxed.
Federal rules
The state’s treatment sits on top of the federal one. The IRS explains the federal side in Topic no. 410, Pensions and Annuities and Publication 575, Pension and Annuity Income.
Related: whether Nevada taxes pensions, how Nevada taxes retirement income, state tax on 401(k) and IRA withdrawals, how a surrendered annuity is taxed, and pension and annuity decisions.
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Compare vetted advisors for annuity decisions
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Answer againSources
- Nevada Constitution (Legislative Counsel Bureau): https://www.leg.state.nv.us/Const/NVConst.html
Sources: the primary documents linked above, read on October 5, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer, the plan administrator or the agency itself is the right place to confirm anything consequential.