Department of the Treasury

Internal Revenue Service

Publication 939

(Rev. December 2022)

Cat. No. 10686K

General Rule

for Pensions

and Annuities

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Contents

Future Developments ....................... 1

Reminders ............................... 1

Introduction .............................. 1

General Information ........................ 3

Taxation of Periodic Payments ............... 4

Investment in the Contract .................. 4

Expected Return ......................... 6

Computation Under the General Rule .......... 7

How To Use Actuarial Tables ................ 10

Worksheets for Determining Taxable Annuity ... 11

Actuarial Tables .......................... 14

Requesting a Ruling on Taxation of Annuity .... 77

Tax Information Sheet .................... 79

How To Get Tax Help ...................... 80

Index .................................. 85

Future Developments

For the latest information about developments related to 

Pub. 939, such as legislation enacted after it was 

published, go to IRS.gov/Pub939.

Reminders

Miscellaneous itemized deductions suspended for 

tax years 2018 through 2025. In tax years prior to 2018, 

user fees were allowed as miscellaneous itemized 

deductions subject to 2%-of-adjusted-gross-income (AGI) 

limit. However, under the Tax Cuts and Jobs Acts (TCJA), 

miscellaneous itemized deductions are suspended for tax 

years 2018 through 2025, and therefore user fees aren't 

allowed for tax years beginning after 2017 and before 

2026.

Net Investment Income Tax (NIIT). Distributions from 

an annuity under a nonqualified plan are considered net 

investment income for the purpose of figuring the NIIT. For 

more information, see the Instructions for Form 8960, Net 

Investment Income Tax—Individuals, Estates, and Trusts.

Introduction

This publication gives you the information you need to determine the tax treatment of your pension and annuity income under the General Rule. Generally, each of your 

monthly annuity payments is made up of two parts: the 

tax-free part that is a return of your net cost, and the taxable balance.

Mar 10, 2023
What is the General Rule? The General Rule is one of 

the two methods used to figure the tax-free part of each 

annuity payment based on the ratio of your investment in 

the contract to the total expected return. The other 

method is the Simplified Method, which is discussed in 

Pub. 575, Pension and Annuity Income.

Who must use the General Rule. Use this publication if 

you receive pension or annuity payments from:

1. A nonqualified plan (such as, a private annuity, a 

purchased commercial annuity, or a nonqualified employee plan); or

2. A qualified plan if:

a. Your annuity starting date is before November 19, 

1996 (and after July 1, 1986), and you don't qualify to use, or didn't choose to use, the Simplified 

Method; or

b. Your annuity starting date is after November 18, 

1996, and as of that date you are age 75 or over 

and the annuity payments are guaranteed for at 

least 5 years.

If your annuity starting date was between July 1, 

1986, and November 19, 1996, you were able to 

elect to use the Simplified Method or the General 

Rule. This choice is irrevocable and applied to all later annuity payments.

The following are qualified plans. 

• A qualified employee plan.

• A qualified employee annuity.

• A tax-sheltered annuity (TSA) plan or contract.

Simplified Method. If you receive pension or annuity 

payments from a qualified plan and you aren't required to 

use the General Rule, you must use the Simplified Method 

to determine the tax-free part of each annuity payment. 

This method is described in Pub. 575.

Also, if, at the time the annuity payments began, you 

were at least age 75 and were entitled to annuity payments from a qualified plan with fewer than 5 years of 

guaranteed payments, you must use the Simplified 

Method.

Topics not covered in this publication. Certain topics 

related to pensions and annuities aren't covered in this 

publication. They include the following.

• Simplified Method. This method is generally used to 

determine the tax treatment of pension and annuity income from a qualified plan and is covered in Pub. 575. 

That publication also covers nonperiodic payments 

(amounts not received as an annuity) from a qualified 

pension or annuity plan, rollovers, special averaging 

and capital gain treatment of lump-sum distributions, 

and special additional taxes on early distributions, corrective distributions, and excess accumulations (not 

making required minimum distributions).

• Individual retirement arrangements (IRAs). Information on the tax treatment of amounts you receive 

TIP

from an IRA is included in Pub. 590-B, Distributions 

from Individual Retirement Arrangements (IRAs).

• Life insurance payments. If you receive life insurance payments because of the death of the insured 

person, see Pub. 525, Taxable and Nontaxable Income, for information on the tax treatment of the proceeds.

• Civil service retirement benefits. If you are retired 

from the federal government (regular, phased, or disability retirement) or are the survivor or beneficiary of a 

federal employee or retiree who died, see Pub. 721, 

Tax Guide to U.S. Civil Service Retirement Benefits. 

Pub. 721 covers the tax treatment of federal retirement benefits, primarily those paid under the Civil 

Service Retirement System (CSRS) or the Federal 

Employees' Retirement System (FERS). It also covers 

benefits paid from the Thrift Savings Plan (TSP).

• Social security and equivalent tier 1 railroad retirement benefits. For information about the tax 

treatment of these benefits, see Pub. 915, Social Security and Equivalent Railroad Retirement Benefits. 

Pub. 575 covers the tax treatment of the non-social 

security equivalent benefit portion of tier 1 railroad retirement benefits, tier 2 benefits, vested dual benefits, 

and supplemental annuity benefits paid by the U.S. 

Railroad Retirement Board.

• Tax-sheltered annuity plans (403(b) plans). If you 

work for a public school or certain tax-exempt organizations, you may be eligible to participate in a 403(b) 

retirement plan offered by your employer. Although 

this publication covers the treatment of benefits under 

403(b) plans and discusses in-plan Roth rollovers 

from 403(b) plans to designated Roth accounts, it 

doesn't cover other tax provisions that apply to these 

plans. For that and other information on 403(b) plans, 

see Pub. 571, Tax-Sheltered Annuity Plans (403(b) 

Plans) For Employees of Public Schools and Certain 

Tax-Exempt Organizations.

Help from the IRS. If, after reading this publication, you 

need help to figure the taxable part of your pension or annuity, the IRS can do it for you for a fee. For information on 

this service, see Requesting a Ruling on Taxation of Annuity, later.

Comments and suggestions. We welcome your comments about this publication and your suggestions for future editions.

You can send us comments through IRS.gov/

FormComments. Or you can write to the Internal Revenue 

Service, Tax Forms and Publications, 1111 Constitution 

Ave. NW, IR-6526, Washington, DC 20224.

Although we can’t respond individually to each comment received, we do appreciate your feedback and will 

consider your comments and suggestions as we revise 

our tax forms, instructions, and publications. Don’t send 

tax questions, tax returns, or payments to the above address.

Page 2 Publication 939 (December 2022)
Getting answers to your tax questions. If you have 

a tax question not answered by this publication or the How 

To Get Tax Help section at the end of this publication, go 

to the IRS Interactive Tax Assistant page at IRS.gov/

Help/ITA where you can find topics by using the search 

feature or viewing the categories listed.

Getting tax forms, instructions, and publications. 

Go to IRS.gov/Forms to download current and prior-year 

forms, instructions, and publications.

Ordering tax forms, instructions, and publications. 

Go to IRS.gov/OrderForms to order current forms, instructions, and publications; call 800-829-3676 to order 

prior-year forms and instructions. The IRS will process 

your order for forms and publications as soon as possible. 

Don’t resubmit requests you’ve already sent us. You can 

get forms and publications faster online.

Useful Items

You may want to see:

Publication

Tax Withholding and Estimated Tax

Credit for the Elderly or the Disabled

Taxable and Nontaxable Income

Tax-Sheltered Annuity Plans (403(b) Plans)

Pension and Annuity Income

Contributions to Individual Retirement 

Arrangements (IRAs)

Distributions from Individual Retirement 

Arrangements (IRAs)

Tax Guide to U.S. Civil Service Retirement 

Benefits

Social Security and Equivalent Railroad 

Retirement Benefits

Form (and Instructions)

Distributions From Pensions, Annuities, 

Retirement or Profit-Sharing Plans, IRAs, 

Insurance Contracts, etc.

See How To Get Tax Help for information about getting 

these publications and forms.

General Information

Some of the terms used in this publication are defined in 

the following paragraphs.

Pension. A pension is generally a series of definitely 

determinable payments made to you after you retire from 

work. Pension payments are made regularly and are 

based on such factors as years of service and prior compensation.

Annuity. An annuity is a series of payments under a 

contract made at regular intervals over a period of more 

 505

 524

 525

 571

 575

 590-A

 590-B

 721

 915

 1099-R

than 1 full year. They can be either fixed (under which you 

receive a definite amount) or variable (not fixed). You can 

buy the contract alone or with the help of your employer.

Note. Distributions from pensions and annuities follow 

the same rules as outlined in this publication unless otherwise noted.

Types of pensions and annuities. Pensions and annuities include the following types.

1. Fixed period annuities. You receive definite 

amounts at regular intervals for a specified length of 

time.

2. Annuities for a single life. You receive definite 

amounts at regular intervals for life. The payments 

end at death.

3. Joint and survivor annuities. The first annuitant receives a definite amount at regular intervals for life. 

After they die, a second annuitant receives a definite 

amount at regular intervals for life. The amount paid to 

the second annuitant may or may not differ from the 

amount paid to the first annuitant.

4. Variable annuities. You receive payments that may 

vary in amount for a definite length of time or for life. 

The amounts you receive may depend upon such variables as profits earned by the pension or annuity 

funds or cost-of-living indexes, or earnings from a mutual fund.

5. Disability pensions. You are under minimum retirement age and receive payments because you retired 

on disability. If, at the time of your retirement, you 

were permanently and totally disabled, you may be eligible for the credit for the elderly or the disabled discussed in Pub. 524.

If your annuity starting date is after November 18, 1996, 

the General Rule cannot be used for the following 

qualified plans.

• A qualified employee plan is an employer's stock 

bonus, pension, or profit-sharing plan that is for the 

exclusive benefit of employees or their beneficiaries. 

This plan must meet Internal Revenue Code requirements. It qualifies for special tax benefits, including tax 

deferral for employer contributions and rollover distributions. However, you must use the General Rule if 

you were 75 or over and the annuity payments are 

guaranteed for more than 5 years.

• A qualified employee annuity is a retirement annuity purchased by an employer for an employee under 

a plan that meets Internal Revenue Code requirements.

• A tax-sheltered annuity is a special annuity plan or 

contract purchased for an employee of a public school 

or tax-exempt organization.

Publication 939 (December 2022) Page 3
The General Rule

The General Rule is used to figure the tax treatment of 

various types of pensions and annuities, including nonqualified employee plans. A nonqualified employee 

plan is an employer's plan that doesn't meet Internal Revenue Code requirements. It doesn't qualify for most of the 

tax benefits of a qualified plan. Under the General Rule, 

the tax-free part of each annuity payment is based on the 

ratio of your investment in the contract to the total expected return.

Beginning in 2013, distributions from an annuity 

under a nonqualified plan are considered net investment income for the purpose of figuring the 

net investment income tax (NIIT). For more information, 

see the Instructions for Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts.

Annuity worksheets. The worksheets found near the 

end of the text of this publication may be useful to you in 

figuring the taxable part of your annuity.

Request for a ruling. If you are unable to determine the 

income tax treatment of your pension or annuity, you may 

ask the IRS to figure the taxable part of your annuity payments. This is treated as a request for a ruling. See Requesting a Ruling on Taxation of Annuity near the end of 

this publication.

Withholding tax and estimated tax. Your pension or 

annuity is subject to federal income tax withholding unless 

you choose not to have tax withheld. If you choose not to 

have tax withheld from your pension or annuity, or if you 

don't have enough income tax withheld, you may have to 

make estimated tax payments. See Pub. 505.

Taxation of Periodic Payments

This section explains how the periodic payments you receive under a pension or annuity plan are taxed under the 

General Rule. Periodic payments are amounts paid at regular intervals (such as weekly, monthly, or yearly) for a period of time greater than 1 year (such as for 15 years or for 

life). These payments are also known as amounts received as an annuity.

If you receive an amount from your plan that is a 

nonperiodic payment (amount not received as 

an annuity), see Taxation of Nonperiodic Payments in Pub. 575.

In general, you can recover your net cost of the pension 

or annuity tax free over the period you are to receive the 

payments. The amount of each payment that is more than 

the part that represents your net cost is taxable. Under the 

General Rule, the part of each annuity payment that represents your net cost is in the same proportion that your investment in the contract is to your expected return. These 

terms are explained in the following discussions.

CAUTION

!

TIP

Investment in the Contract

Distributions from your pension or annuity plan may include amounts treated as a recovery of your cost (investment in the contract). If any part of a distribution is treated 

as a recovery of your cost that part is tax free.

In figuring how much of your pension or annuity is taxable under the General Rule, you must figure your investment in the contract.

First, find your net cost of the contract as of the annuity 

starting date (defined later). To find this amount, you must 

first figure the total premiums, contributions, or other 

amounts paid. This includes the amounts your employer 

contributed if you were required to include these amounts 

in income. It also includes amounts you actually contributed (except amounts for health and accident benefits and 

deductible voluntary employee contributions).

From this total cost you subtract:

1. Any refunded premiums, rebates, dividends, or unrepaid loans (any of which weren't included in your income) that you received by the later of the annuity 

starting date or the date on which you received your 

first payment.

2. Any additional premiums paid for double indemnity or 

disability benefits.

3. Any other tax-free amounts you received under the 

contract or plan before the later of the dates in (1).

The annuity starting date is the later of the first day of 

the first period for which you receive payment under the 

contract or the date on which the obligation under the contract becomes fixed.

Example. On January 1, you completed all your payments required under an annuity contract providing for 

monthly payments starting on August 1, for the period beginning July 1. The annuity starting date is July 1. This is 

the date you use in figuring your investment in the contract 

and your expected return (discussed later).

Adjustments

If any of the following items apply, adjust (add or subtract) 

your total cost to find your net cost.

Foreign employment. If you worked abroad, your cost 

may include contributions by your employer to the retirement plan, but only if those contributions would be excludable from your gross income had they been paid directly 

to you as compensation. The contributions that apply are:

1. Contributions before 1963 by your employer,

2. Contributions after 1962 by your employer if the contributions would be excludable from your gross income (not including the foreign earned income exclusion) had they been paid directly to you, or

3. Contributions after 1996 by your employer if you performed the services of a foreign missionary (a duly 

Page 4 Publication 939 (December 2022)
ordained, commissioned, or licensed minister of a 

church or a lay person) if the contributions would be 

excludable from your gross income had they been 

paid directly to you.

Foreign employment contributions while a nonresident alien. In determining your cost, special rules apply 

if you are a U.S. citizen or resident alien who received distributions from a plan to which contributions were made 

while you were a nonresident alien. Your contributions 

and your employer's contributions aren't included in your 

cost if the contributions:

• Were made based on compensation that was for services performed outside the United States while you 

were a nonresident alien; and

• Weren't subject to income tax under the laws of the 

United States or any foreign country, but only if the 

contribution would have been subject to income tax if 

paid as cash compensation when the services were 

performed.

Death benefit exclusion. If you are the beneficiary of a 

deceased employee (or former employee) who died before August 21, 1996, you may qualify for a death benefit 

exclusion of up to $5,000. The beneficiary of a deceased 

employee who died after August 20, 1996, won't qualify 

for the death benefit exclusion.

How to adjust your total cost. If you are eligible, 

treat the amount of any allowable death benefit exclusion 

as additional cost paid by the employee. Add it to the cost 

or unrecovered cost of the annuity at the annuity starting 

date. See Example 3 under Computation Under the General Rule, later for an illustration of the adjustment to the 

cost of the contract.

Net cost. Your total cost plus certain adjustments and 

minus other amounts already recovered before the annuity starting date is your net cost. This is the unrecovered 

investment in the contract as of the annuity starting date. If 

your annuity starting date is after 1986, this is the maximum amount that you may recover tax free under the contract.

Refund feature. Adjustment for the value of the refund 

feature is only applicable when you report your pension or 

annuity under the General Rule. Your annuity contract has 

a refund feature if:

1. The expected return (discussed later) of an annuity 

depends entirely or partly on the life of one or more individuals,

2. The contract provides that payments will be made to a 

beneficiary or the estate of an annuitant on or after the 

death of the annuitant if a specified amount or a stated number of payments hasn't been paid to the annuitant or annuitants before death, and

3. The payments are a refund of the amount you paid for 

the annuity contract.

If your annuity has a refund feature, you must reduce 

your net cost of the contract by the value of the refund 

feature (figured using Table III or VII at the end of this publication; also see How To Use Actuarial Tables, later) to 

find the investment in the contract.

Zero value of refund feature. For a joint and survivor 

annuity, the value of the refund feature is zero if:

1. Both annuitants are age 74 or younger,

2. The payments are guaranteed for less than 21/2 years, 

and

3. The survivor's annuity is at least 50% of the first annuitant's annuity.

For a single-life annuity without survivor benefit, the 

value of the refund feature is zero if:

1. The payments are guaranteed for less than 21/2 years; 

and

2. The annuitant is:

a. Age 57 or younger (if using the new (unisex) annuity tables),

b. Age 42 or younger (if male and using the old annuity tables), or

c. Age 47 or younger (if female and using the old annuity tables).

If you don't meet these requirements, you will have to 

figure the value of the refund feature, as explained in the 

following discussion.

Examples. Example 1 shows how to figure the value of 

the refund feature when there is only one beneficiary. Example 2 shows how to figure the value of the refund feature when the contract provides, in addition to a whole life 

annuity, one or more temporary life annuities for the lives 

of children. In both examples, the taxpayer elects to use 

Tables V through VIII. If you need the value of the refund 

feature for a joint and survivor annuity, write to the IRS as 

explained under Requesting a Ruling on Taxation of Annuity near the end of this publication.

Example 1. At age 65, you bought for $21,053 an annuity with a refund feature. You will get $100 a month for 

life. Your contract provides that if you don’t live long 

enough to recover the full $21,053, similar payments will 

be made to your surviving beneficiary until a total of 

$21,053 has been paid under the contract. In this case, 

the contract cost and the total guaranteed return are the 

same ($21,053). Your investment in the contract is figured 

as follows:

Publication 939 (December 2022) Page 5
Net cost ................................. $21,053

Amount to be received annually ............ $1,200

Number of years for which payment is guaranteed 

($21,053 divided by $1,200) .............. 17.54

Rounded to nearest whole number of years .... 18

Percentage from Actuarial Table VII for age 65 

with 18 years of guaranteed payments ........ 15%

Value of the refund feature (rounded to the nearest 

dollar)—15% of $21,053 ...................... 3,158

Investment in the contract, adjusted for value of 

refund feature............................. $17,895

If the total guaranteed return were less than the 

$21,053 net cost of the contract, you would apply the appropriate percentage from the tables to the lesser amount. 

For example, if the contract guaranteed the $100 monthly 

payments for 17 years to your estate or beneficiary if you 

were to die before receiving all the payments for that period, the total guaranteed return would be $20,400 ($100 

× 12 × 17 years). In this case, the value of the refund feature would be $2,856 (14% x $20,400) and your investment in the contract would be $18,197 ($21,053 – $2,856) 

instead of $17,895.

Example 2. You died while still employed. Your surviving spouse, age 48, receives $171 a month for life. Your 

child, age 9, receives $50 a month until reaching age 18. 

Your contributions to the retirement fund totaled 

$7,559.45, with interest on those contributions of 

$1,602.53. The guarantee or total refund feature of the 

contract is $9,161.98 ($7,559.45 + $1,602.53).

The adjustment in the investment in the contract is figured as follows:

A) Expected return:*

1)Surviving spouse’s expected return:

Annual annuity ($171 × 12) ......... $2,052

Multiplied by factor from Table V

(nearest age 48) .............. 34.9 $71,614.80

2) Child's expected return:

Annual annuity ($50 × 12) .......... $600

Multiplied by factor from

Table VIII (nearest age 9

for term of 9 years) ............. 9.0 5,400.00

3) Total expected return ............. $77,014.80

B) Adjustment for refund feature:

1) Contributions (net cost) ................. $7,559.45

2) Guaranteed amount (contributions of $7,559.45 

plus interest of $1,602.53) ................ $9,161.98

3) Minus: Expected return under child's (temporary 

life) annuity (A(2)) ..................... 5,400.00

4) Net guaranteed amount ................. $3,761.98

5) Multiple from Table VII (nearest age 48 for 2 years 

duration (recovery of $3,761.98 at $171 a month to 

nearest whole year)) ................... 0%

6)Adjustment required for value of refund feature 

rounded to the nearest whole dollar 

(0% × $3,761.98, the smaller of B(3) or B(6)) .... 0

* Expected return is the total amount you and other eligible annuitants can 

expect to receive under the contract. See the discussion of expected return, 

later in this publication.

Free IRS help. If you need to request assistance to 

figure the value of the refund feature, see Requesting a 

Ruling on Taxation of Annuity near the end of this publication.

Expected Return

Your expected return is the total amount you and other eligible annuitants can expect to receive under the contract. 

The following discussions explain how to figure the expected return with each type of annuity.

A person's age, for purposes of figuring the expected return, is the age at the birthday nearest to 

the annuity starting date.

Fixed period annuity. If you will get annuity payments 

for a fixed number of years, without regard to your life expectancy, you must figure your expected return based on 

that fixed number of years. It is the total amount you will 

get beginning at the annuity starting date. You will receive 

specific periodic payments for a definite period of time, 

such as a fixed number of months (but not less than 13). 

To figure your expected return, multiply the fixed number 

of months for which payments are to be made by the 

amount of the payment specified for each period.

Single-life annuity. If you are to get annuity payments 

for the rest of your life, find your expected return as follows. You must multiply the amount of the annual payment 

by a multiple based on your life expectancy as of the annuity starting date. These multiples are set out in actuarial 

Tables I and V near the end of this publication (see How 

To Use Actuarial Tables, later).

You may need to adjust these multiples if the payments 

are made quarterly, semiannually, or annually. See Adjustments to Tables I, II, V, VI, and VIA following Table I.

Example. You bought an annuity contract that will give 

you an annuity of $500 a month for life. If at the annuity 

starting date, your nearest birthday is 66, the expected return is figured as follows:

Annual payment ($500 × 12 months) .............. $6,000

Multiple shown in Table V, age 66 ................ × 19.2

Expected return ........................... $115,200

If the payments were to be made to you quarterly and the 

first payment was made 1 full month after the annuity 

starting date, you would adjust the 19.2 multiple by +.1. 

Your expected return would then be $115,800 ($6,000 × 

19.3).

Annuity for shorter of life or specified period. With 

this type of annuity, you are to get annuity payments either 

for the rest of your life or until the end of a specified period, whichever period is shorter. To figure your expected 

return, multiply the amount of your annual payment by a 

multiple in Table IV or VIII for temporary life annuities. Find 

the proper multiple based on your sex (if using Table IV), 

your age at the annuity starting date, and the nearest 

whole number of years in the specified period.

TIP

Page 6 Publication 939 (December 2022)
Example. You purchased an annuity this year that will 

pay you $200 each month for 5 years or until you die, 

whichever period is shorter. You were age 65 at your 

birthday nearest the annuity starting date. You figure the 

expected return as follows:

Annual payment ($200 × 12 months) .............. $2,400

Multiple shown in Table VIII, age 65, 5-year term ....... × 4.9

Expected return ........................... $11,760

You use Table VIII (not Table IV) because all your 

contributions were made after June 30, 1986. See 

Special Elections, later.

Joint and survivor annuities. If you have an annuity 

that pays you a periodic income for life and after your 

death provides an identical lifetime periodic income to 

your spouse (or some other person), you figure the expected return based on your combined life expectancies. To 

figure the expected return, multiply the annual payment by 

a multiple in Table II or VI based on your joint life expectancies. If your payments are made quarterly, semiannually, or annually, you may need to adjust these multiples. 

See Adjustments to Tables I, II, V, VI, and VIA following 

Table I near the end of this publication.

Example. John bought a joint and survivor annuity 

providing payments of $500 a month for his life, and, after 

his death, $500 a month for the remainder of his spouse's 

life. At John's annuity starting date, his age at his nearest 

birthday is 70 and his spouse's at the nearest birthday is 

67. The expected return is figured as follows:

Annual payment ($500 × 12 months) .............. $6,000

Multiple shown in Table VI, ages 67 and 70 .......... × 22.0

Expected return ........................... $132,000

Different payments to survivor. If your contract provides that payments to a survivor annuitant will be different from the amount you receive, you must use a computation that accounts for both the joint lives of the 

annuitants and the life of the survivor.

Example 1. Gerald bought a contract providing for 

payments to him of $500 a month for life and, after his 

death, payments to his spouse of $350 a month for life. If, 

at the annuity starting date, Gerald's nearest birthday is 70 

and his spouse is 67, the expected return under the contract is figured as follows:

Combined multiple for Gerald and his spouse, 

ages 70 and 67 (from Table VI) ............ 22.0

Multiple for Gerald, age 70 (from Table V) ..... 16.0

Difference: Multiple applicable to his spouse .... 6.0

Gerald's annual payment ($500 × 12) ........ $6,000

Gerald's multiple ..................... 16.0

Gerald's expected return ................ $96,000

Spouse's annual payment ($350 × 12) ....... $4,200

Spouse's multiple .................... 6.0

Spouse's expected return ............... 25,200

Total expected return under the contract ... $121,200

TIP

Example 2. Your spouse died while still employed. 

Under the terms of their employer's retirement plan, you 

are entitled to get an immediate annuity of $400 a month 

for the rest of your life or until you remarry. Your children, 

Marie and Jean, are each entitled to immediate temporary 

life annuities of $150 a month until they reach age 18.

You were 50 years old at the annuity starting date. 

Marie was 16 and Jean was 14. Using the multiples 

shown in Tables V and VIII at the end of this publication, 

the total expected return on the annuity starting date is 

$169,680, figured as follows:

Surviving spouse, age 50 (multiple from Table V—33.1 × 

$4,800 annual payment) ...................... $158,880

Marie, age 16 for 2 years duration (multiple from Table 

VIII—2.0 × $1,800 annual payment) .............. 3,600

Jean, age 14 for 4 years duration (multiple from Table 

VIII—4.0 × $1,800 annual payment) .............. 7,200

Total expected return....................... $169,680

No computation of expected return is made based on 

your spouse's age at the date of death because he died 

before the annuity starting date.

Computation Under

the General Rule

Note. Variable annuities use a different computation 

for determining the exclusion amounts. See Variable annuities, later.

Under the General Rule, you figure the taxable part of 

your annuity by using the following steps.

Step 1. Figure the amount of your investment in the contract, including any adjustments for the refund feature and 

the death benefit exclusion, if applicable. See Death benefit exclusion, earlier.

Step 2. Figure your expected return.

Step 3. Divide Step 1 by Step 2 and round to three decimal places. This will give you the exclusion percentage.

Step 4. Multiply the exclusion percentage by the first 

regular periodic payment. The result is the tax-free part of 

each pension or annuity payment.

The tax-free part remains the same even if the total 

payment increases due to variation in the annuity amount 

such as cost of living increases, or you outlive the life expectancy factor used. However, if your annuity starting 

date is after 1986, the total amount of annuity income that 

is tax free over the years can't exceed your net cost.

Each annuitant applies the same exclusion percentage 

to their initial payment called for in the contract.

Step 5. Multiply the tax-free part of each payment (Step 

4) by the number of payments received during the year. 

This will give you the tax-free part of the total payment for 

the year.

Publication 939 (December 2022) Page 7
In the first year of your annuity, your first payment 

or part of your first payment may be for a fraction 

of the payment period. This fractional amount is 

multiplied by your exclusion percentage to get the tax-free 

part.

Step 6. Subtract the tax-free part from the total payment 

you received. The rest is the taxable part of your pension 

or annuity.

Example 1. You purchased an annuity with an investment in the contract of $10,800. Under its terms, the annuity will pay you $100 a month for life. The multiple for your 

age (age 65) is 20.0 as shown in Table V. Your expected 

return is $24,000 (20 × 12 × $100). Your cost of $10,800, 

divided by your expected return of $24,000, equals 

45.0%. This is the percentage you won't have to include in 

income.

Each year, until your net cost is recovered, $540 (45% 

of $1,200) will be tax free and you will include $660 

($1,200 − $540) in your income. If you had received only 

six payments of $100 ($600) during the year, your exclusion would have been $270 (45% of $100 × 6 payments).

Example 2. Gerald bought a joint and survivor annuity. 

Gerald's investment in the contract is $62,712 and the expected return is $121,200. The exclusion percentage is 

51.7% ($62,712 ÷ $121,200). Gerald will receive $500 a 

month ($6,000 a year). Each year, until his net cost is recovered, $3,102 (51.7% of his total payments received of 

$6,000) will be tax free and $2,898 ($6,000 − $3,102) will 

be included in his income. If Gerald dies, his spouse will 

receive $350 a month ($4,200 a year). If Gerald hadn't recovered all of his net cost before his death, his spouse will 

use the same exclusion percentage (51.7%). Each year, 

until the entire net cost is recovered, his spouse will receive $2,171.40 (51.7% of the spouse’s payments received of $4,200) tax free. The spouse will include 

$2,028.60 ($4,200 − $2,171.40) on the income tax return.

Example 3. Using the same facts as Example 2, earlier under Different payments to survivor, you are to receive an annual annuity of $4,800 until you die or remarry. 

Your two children each receive annual annuities of $1,800 

until they reach age 18. Your spouse contributed $25,576 

to the plan. You are eligible for the $5,000 death benefit 

exclusion because your spouse died before August 21, 

1996.

Adjusted Investment in the Contract

Contributions ............................. $25,576

Plus: Death benefit exclusion ................... 5,000

Adjusted investment in the contract ............... $30,576

The total expected return, as previously figured (in Example 2 under Different payments to survivor), is 

$169,680. The exclusion percentage of 18.0% ($30,576 ÷ 

$169,680) applies to the annuity payments you and each 

of your children receive. Each full year, $864 (18.0% × 

$4,800) will be tax free to you, and you must include 

$3,936 in your income tax return. Each year, until age 18, 

TIP

$324 (18.0% × $1,800) of each of your childrens' payments will be tax free and each must include the balance, 

$1,476, as income on their own income tax return.

Part-year payments. If you receive payments for only 

part of a year, apply the exclusion percentage to the first 

regular periodic payment, and multiply the result by the 

number of payments received during the year.

If you receive amounts during the year that represent 

12 payments, one for each month in that year, and an 

amount that represents payments for months in a prior 

year, apply the exclusion percentage to the first regular 

periodic payment, and multiply the result by the number of 

payments the amounts received represent. For instance, if 

you received amounts during the year that represent the 

12 payments for that year plus an amount that represents 

three payments for a prior year, multiply that amount by 

the 15 (12 + 3) payments received that year.

If you received a fractional payment, follow Step 5, discussed earlier. This gives you the tax-free part of your total payment.

Example. On September 28, Mary bought an annuity 

contract for $22,050 that will give her $125 a month for 

life, beginning October 30. The applicable multiple from 

Table V is 23.3 (age 61). Her expected return is $34,950 

($125 × 12 × 23.3). Mary's investment in the contract of 

$22,050, divided by her expected return of $34,950, 

equals 63.1%. Each payment received will consist of 

63.1% return of cost and 36.9% taxable income, until her 

net cost of the contract is fully recovered. During the first 

year, Mary received three payments of $125, or $375, of 

which $236.63 (63.1% × $375) is a return of cost. The remaining $138.37 is included in income.

Increase in annuity payments. The tax-free amount remains the same as the amount figured at the annuity starting date, even if the payment increases. All increases in 

the installment payments are fully taxable.

However, if your annuity payments are scheduled to increase at a definite date in the future, you must figure the 

expected return for that annuity using the method described in section 1.72-5(a)(5) of the regulations.

Example. Joe's spouse died while still employed and, 

as the beneficiary, he began receiving an annuity of $147 

per month. In figuring the taxable part, Joe elects to use 

Tables V through VIII. The cost of the contract was 

$7,938, consisting of the sum of his spouse's net contributions, adjusted for any refund feature. His expected return 

as of the annuity starting date is $35,280 (age 65, multiple 

of 20.0 × $1,764 annual payment). The exclusion percentage is $7,938 ÷ $35,280, or 22.5%. During the year, he received 11 monthly payments of $147, or $1,617. Of this 

amount, 22.5% × $147 × 11 ($363.83) is tax free as a return of cost and the balance of $1,253.17 is taxable.

Later, because of a cost-of-living increase, his annuity 

payment was increased to $166 per month, or $1,992 a 

year (12 × $166). The tax-free part is still only 22.5% of 

the annuity payments as of the annuity starting date 

Page 8 Publication 939 (December 2022)
(22.5% × $147 × 12 = $396.90 for a full year). The increase of $228 ($1,992 − $1,764 (12 × $147)) is fully taxable.

Variable annuities. For variable annuity payments, figure the amount of each payment that is tax free by dividing your investment in the contract (adjusted for any refund feature) by the total number of periodic payments 

you expect to get under the contract.

If the annuity is for a definite period, you determine the 

total number of payments by multiplying the number of 

payments to be made each year by the number of years 

you will receive payments. If the annuity is for life, you determine the total number of payments by using a multiple 

from the appropriate actuarial table.

Example. Frank purchased a variable annuity at age 

65. The total cost of the contract was $12,000. The annuity starting date is January 1 of the year of purchase. His 

annuity will be paid, starting July 1, in variable annual installments for his life. The tax-free amount of each payment, until he has recovered his cost of his contract, is:

Investment in the contract ..................... $12,000

Number of expected annual payments (multiple for age 65 

from Table V) ............................. 20

Tax-free amount of each payment ($12,000 ÷ 20) ...... $600

If Frank's first payment is $920, he includes only $320 

($920 − $600) in his gross income.

If the tax-free amount for a year is more than the 

payments you receive in that year, you may choose, 

when you receive the next payment, to refigure the 

tax-free part. Divide the amount of the periodic tax-free 

part that is more than the payment you received by the remaining number of payments you expect. The result is 

added to the previously figured periodic tax-free part. The 

sum is the amount of each future payment that will be tax 

free.

Example. Using the facts of the previous example 

about Frank, assume that after Frank's $920 payment, he 

received $500 in the following year, and $1,200 in the 

year after that. Frank doesn't pay tax on the $500 (second 

year) payment because $600 of each annual pension payment is tax free. Since the $500 payment is less than the 

$600 annual tax-free amount, he may choose to refigure 

his tax-free part when he receives his $1,200 (third year) 

payment, as follows:

Amount tax free in second year ................. $600.00

Amount received in second year ................. 500.00

Difference .............................. $100.00

Number of remaining payments after the first 2 payments 

(age 67, from Table V) ....................... 18.4

Amount to be added to previously determined annual 

tax-free part ($100 ÷ 18.4) .................... $5.43

Revised annual tax-free part for third and later years ($600 

+ $5.43) ................................ $605.43

Amount taxable in third year ($1,200 − $605.43) ..... $594.57

If you choose to refigure your tax-free amount, you 

must file a statement with your income tax return stating 

that you are refiguring the tax-free amount in accordance 

with the rules of Regulations section 1.72-4(d)(3). The 

statement must also show the following information.

1. The annuity starting date and your age on that date.

2. The first day of the first period for which you received 

an annuity payment in the current year.

3. Your investment in the contract as originally figured.

4. The total of all amounts received tax free under the 

annuity from the annuity starting date through the first 

day of the first period for which you received an annuity payment in the current tax year.

Exclusion Limits

Your annuity starting date determines the total amount of 

annuity income that you can exclude from income over the 

years.

Exclusion limited to net cost. If your annuity starting 

date is after 1986, the total amount of annuity income that 

you can exclude over the years as a return of your cost 

can't exceed your net cost (figured without any reduction 

for a refund feature). This is the unrecovered investment in the contract as of the annuity starting date.

If your annuity starting date is after July 1, 1986, any 

unrecovered net cost at your (or last annuitant's) death is 

allowed as an other itemized deduction on the final return 

of the decedent.

Example 1. Your annuity starting date is after 1986. 

Your total cost is $12,500, and your net cost is $10,000, 

taking into account certain adjustments. There is no refund feature. Your monthly annuity payment is $833.33. 

Your exclusion ratio is 12% and you exclude $100 a 

month. Your exclusion ends after 100 months, when you 

have excluded your net cost of $10,000. Thereafter, your 

annuity payments are fully taxable.

Example 2. The facts are the same as in Example 1, 

except that there is a refund feature, and you die after 5 

years with no surviving annuitant. The adjustment for the 

refund feature is $1,000, so the investment in the contract 

is $9,000. The exclusion ratio is 10.8%, and your monthly 

exclusion is $90. After 5 years (60 months), you have recovered tax free only $5,400 ($90 x 60). An itemized deduction for the unrecovered net cost of $4,600 ($10,000 

net cost minus $5,400) may be taken on your final income 

tax return. Your unrecovered investment is determined 

without regard to the refund feature adjustment, discussed earlier, under Adjustments.

Exclusion not limited to net cost. If your annuity starting date was before 1987, you could continue to take your 

monthly exclusion for as long as you receive your annuity. 

If you choose a joint and survivor annuity, your survivor 

continues to take the survivor's exclusion figured as of the 

annuity starting date. The total exclusion may be more 

than your investment in the contract.

Publication 939 (December 2022) Page 9
How To Use Actuarial Tables

In figuring, under the General Rule, the taxable part of 

your annuity payments that you are to get for the rest of 

your life (rather than for a fixed number of years), you 

must use one or more of the actuarial tables in this publication.

Unisex Annuity Tables

Effective July 1, 1986, the IRS adopted new annuity Tables V through VIII, in which your sex isn't considered 

when determining the applicable factor. These tables correspond to the old Tables I through IV. In general, Tables 

V through VIII must be used if you made contributions to 

the retirement plan after June 30, 1986. If you made no 

contributions to the plan after June 30, 1986, generally 

you must use only Tables I through IV. However, if you received an annuity payment after June 30, 1986, you may 

elect to use Tables V through VIII (see Annuity received 

after June 30, 1986, later).

Special Elections

Although you generally must use Tables V through VIII if 

you made contributions to the retirement plan after June 

30, 1986, and Tables I through IV if you made no contributions after June 30, 1986, you can make the following special elections to select which tables to use.

Contributions made both before July 1986 and after 

June 1986. If you made contributions to the retirement 

plan both before July 1986 and after June 1986, you may 

elect to use Tables I through IV for the pre-July 1986 cost 

of the contract, and Tables V through VIII for the 

post-June 1986 cost. (See the examples below.)

Making the election. Attach this statement to your income tax return for the first year in which you receive an 

annuity:

“I elect to apply the provisions of paragraph (d) of section 1.72-6 of the Income Tax Regulations.”

The statement must also include your name, address, 

social security number, and the amount of the pre-July 

1986 investment in the contract.

If your investment in the contract includes post-June 

1986 contributions to the plan, and you don't make the 

election to use Tables I through IV and Tables V through 

VIII, then you can only use Tables V through VIII in figuring 

the taxable part of your annuity. You must also use Tables 

V through VIII if you are unable or don't wish to determine 

the portions of your contributions that were made before 

July 1, 1986, and after June 30, 1986.

Advantages of election. In general, a lesser amount 

of each annual annuity payment is taxable if you separately figure your exclusion ratio for pre-July 1986 and 

post-June 1986 contributions.

If you intend to make this election, save your records that substantiate your pre-July 1986 and 

post-June 1986 contributions. If the death benefit 

exclusion applies (see discussion, earlier), you don't have 

to apportion it between the pre-July 1986 and the 

post-June 1986 investment in the contract.

The following examples illustrate the separate computations required if you elect to use Tables I through IV for 

your pre-July 1986 investment in the contract and Tables 

V through VIII for your post-June 1986 investment in the 

contract.

Example 1. Bill, who is single, contributed $42,000 to 

the retirement plan and will receive an annual annuity of 

$24,000 for life. Payment of the $42,000 contribution is 

guaranteed under a refund feature. Bill is 55 years old as 

of the annuity starting date. For figuring the taxable part of 

Bill's annuity, he chose to make separate computations for 

his pre-July 1986 investment in the contract of $41,300, 

and for his post-June 1986 investment in the contract of 

$700.

PreJuly 

1986

PostJune 1986

A. Adjustment for refund feature

1) Net cost ................... $41,300 $700

2) Annual annuity—$24,000 

($41,300/$42,000 × $24,000) ...... $23,600

($700/$42,000 × $24,000) ........ $400

3) Guarantee under contract ........ $41,300 $700

4) No. of years payments 

guaranteed (rounded), A(3) ÷ A(2) ... 2 2

5) Applicable percentage from 

Tables III and VII .............. 1% 0%

6) Adjustment for value of refund 

feature, A(5) × smaller of A(1) 

or A(3) .................... $413 $0

B. Investment in the contract

1) Net cost ................... $41,300 $700

2) Minus: Amount in A(6) .......... 413 0

3) Investment in the contract ........ $40,887 $700

C. Expected return

1) Annual annuity receivable ........ $24,000 $24,000

2) Multiples from Tables I and V ...... 21.7 28.6

3) Expected return, C(1) × C(2) ...... $520,800 $686,400

D. Tax-free part of annuity

1) Exclusion ratio as decimal, 

B(3) ÷ C(3) .................. 0.079 0.001

2) Tax-free part, C(1) × D(1) ........ $1,896 $24

The tax-free part of Bill's total annuity is $1,920 ($1,896 

+ $24). The taxable part of his annuity is $22,080 

($24,000 - $1,920). If the annuity starting date is after 

1986, the exclusion over the years can't exceed the net 

cost (figured without any reduction for a refund feature).

Example 2. Al is age 62 at his nearest birthday to the 

annuity starting date. Al's spouse is age 60 at their nearest 

birthday to the annuity starting date. The joint and survivor 

annuity pays $1,000 per month to Al for life, and $500 per 

month to Al's surviving spouse after his death. The 

pre-July 1986 investment in the contract is $53,100 and 

TIP

Page 10 Publication 939 (December 2022)
the post-June 1986 investment in the contract is $7,000. 

Al makes the election described in Example 1.

For purposes of this example, assume the refund feature adjustment is zero. If an adjustment is required, the 

IRS will figure the amount. See Requesting a Ruling on 

Taxation of Annuity near the end of this publication.

PreJuly 1986PostJune 1986

A. Adjustment for refund feature

1) Net cost ................... $53,100 $7,000

2) Annual annuity—$12,000 

($53,100/$60,100 × $12,000) ....... $10,602

($7,000/$60,100 × $12,000) ...... $1,398

3) Guaranteed under the contract .... $53,100 $7,000

4) Number of years guaranteed, 

rounded, A(3) ÷ A(2) ............ 5 5

5) Applicable percentages ......... 0% 0%

6) Refund feature adjustment, A(5) × 

smaller of A(1) or A(3) ........... 0 0

B. Investment in the contract

1) Net cost ................... $53,100 $7,000

2) Refund feature adjustment ....... 0 0

3) Investment in the contract adjusted 

for refund feature ............... $53,100 $7,000

C. Expected return

1) Multiple for both annuitants from 

Tables II and VI .............. 25.4 28.8

2) Multiple for first annuitant from 

Tables I and V ............... 16.9 22.5

3) Multiple applicable to surviving 

annuitant, subtract C(2) from C(1) . . 8.5 6.3

4) Annual annuity to surviving 

annuitant .................. $6,000 $6,000

5) Portion of expected return for 

surviving annuitant, C(4) × C(3) .... $51,000 $37,800

6) Annual annuity to first 

annuitant .................. $12,000 $12,000

7) Plus: Portion of expected return for 

first annuitant, C(6) × C(2) ....... $202,800 $270,000

8) Expected return for both 

annuitants, C(5) + C(7) ......... $253,800 $307,800

D. Tax-free part of annuity

1) Exclusion ratio as a decimal, B(3) 

÷ C(8) .................... 0.209 0.023

2) Retiree's tax-free part of annuity, 

C(6) × D(1) ................. $2,508 $276

3) Survivor's tax-free part of annuity, 

C(4) × D(1) ................. $1,254 $138

The tax-free part of Al's total annuity is $2,784 ($2,508 

+ $276). The taxable part of his annuity is $9,216 

($12,000 − $2,784). The exclusion over the years can't exceed the net cost of the contract (figured without any reduction for a refund feature) if the annuity starting date is 

after 1986.

After Al's death, his surviving spouse will apply the 

same exclusion percentages (20.9% and 2.3%) to their 

annual annuity of $6,000 to figure the tax-free part of their 

annuity.

Annuity received after June 30, 1986. If you receive an 

annuity payment after June 30, 1986 (regardless of your 

annuity starting date), you may elect to treat the entire 

cost of the contract as post-June 1986 cost (even if you 

made no post-June 1986 contributions to the plan) and 

use Tables V through VIII. Once made, you can't revoke 

the election, which will apply to all payments during the 

year and in any later year.

Make the election by attaching the following statement to your income tax return.

“I elect, under section 1.72-9 of the Income Tax Regulations, to treat my entire cost of the contract as a 

post-June 1986 cost of the plan.”

The statement must also include your name, address, 

and social security number.

You should also indicate you are making this election if 

you are unable or don't wish to determine the parts of your 

contributions that were made before July 1, 1986, and after June 30, 1986.

Disqualifying form of payment or settlement. If 

your annuity starting date is after June 30, 1986, and the 

contract provides for a disqualifying form of payment or 

settlement, such as an option to receive a lump sum in full 

discharge of the obligation under the contract, the entire 

investment in the contract is treated as post-June 1986 investment in the contract. See Regulations section 

1.72-6(d)(3) for additional examples of disqualifying forms 

of payment or settlement. You can find the Income Tax 

Regulations in many libraries and at Internal Revenue 

Service Offices.

Worksheets for Determining 

Taxable Annuity

Worksheets I and II. Worksheets I and II follow for determining your taxable annuity under Regulations Section 

1.72-6(d)(6) Election.

Publication 939 (December 2022) Page 11
Worksheet I

For Determining Taxable Annuity Under Regulations Section 1.72-6(d)(6)

Election for Single Annuitant With No Survivor Annuity

Pre-July 1986 Post-June 1986

A. Refund Feature Adjustment

1) Net cost (total cost less returned premiums, dividends, etc.) ..........

2) Annual annuity allocation:

Portion of net cost in A(1) x annual annuity ....................

Net cost

3) Guaranteed under the contract ................................

4) Number of years guaranteed, rounded to whole years:

A(3) divided by A(2) ......................................

5) Applicable percentages* from Tables III and VII ....................

6) Refund feature adjustment:

A(5) times lesser of A(1) or A(3) ..............................

B. Investment in the Contract

1) Net cost:

A(1) ..................................................

2) Refund feature adjustment:

A(6) ..................................................

3) Investment in the contract adjusted for refund feature:

B(1) minus B(2) ..........................................

C. Expected Return

1) Annual Annuity:

12 times monthly annuity** .................................

2) Expected return multiples from Tables I and V .....................

3) Expected Return:

C(1) times C(2) ..........................................

D. Tax-Free Part of Annuity

1) Exclusion ratio, as a decimal rounded to 3 places:

B(3) divided by C(3) ......................................

2) Tax-free part of annuity:

C(1) times D(1) ..........................................

* If your annuity meets the three conditions listed in Zero value of refund feature in Investment in 

the Contract, earlier, both percentages are 0. If not, the IRS will figure the refund feature 

percentage.

** If the annuity isn't paid monthly, figure the amount to enter by using the total number of periodic 

payments for the year times the amount of the periodic payment.

Page 12 Publication 939 (December 2022)
Worksheet II

For Determining Taxable Annuity Under Regulations Section 1.72-6(d)(6)

Election for Joint and Survivor Annuity

Pre-July 1986 Post-June 1986

A. Refund Feature Adjustment

1) Net cost (total cost less returned premiums, dividends, etc.) .........

2) Annual annuity allocation:

Portion of net cost in A(1) x annual annuity ....................

Net cost

3) Guaranteed under the contract ...............................

4) Number of years guaranteed, rounded to whole years:

A(3) divided by A(2) ......................................

5) Applicable percentages* ....................................

6) Refund feature adjustment:

A(5) times lesser of A(1) or A(3) .............................

B. Investment in the Contract

1) Net cost:

A(1) ..................................................

2) Refund feature adjustment:

A(6) ..................................................

3) Investment in the contract adjusted for refund feature:

B(1) minus B(2) .........................................

C. Expected Return

1) Multiples for both annuitants, Tables II and VI ....................

2) Multiple for retiree. Tables I and VI ............................

3) Multiple for survivor:

C(1) minus C(2) .........................................

4) Annual annuity to survivor:

12 times potential monthly rate for survivor** ....................

5) Expected return for survivor:

C(3) times C(4) ..........................................

6) Annual annuity to retiree:

12 times monthly rate for retiree** ............................

7) Expected return for retiree:

C(2) times C(6) ..........................................

8) Total expected return:

C(5) plus C(7) ...........................................

D. Tax-Free Part of Annuity

1) Exclusion ratio, as a decimal rounded to 3 places:

B(3) divided by C(8) ......................................

2) Retiree's tax-free part of annuity:

C(6) times D(1) ..........................................

3) Survivor's tax-free part of annuity, if surviving after death of retiree:

C(4) times D(1) ..........................................

* If your annuity meets the three conditions listed in Zero value of refund feature in Investment in 

the Contract, earlier, both percentages are 0. If not, the IRS will figure the refund feature 

percentage.

** If the annuity isn't paid monthly, figure the amount to enter by using the total number of periodic 

payments for the year times the amount of the periodic payment.

Publication 939 (December 2022) Page 13
Actuarial Tables

Ages

Multiples

Male Female

Ages

Multiples

Male Female

Ages

Multiples

Male Female

6 11 65.0

7

8

9

10

12

13

14

15

64.1

63.2

62.3

61.4

11

12

13

14

15

16

17

18

19

20

60.4

59.5

58.6

57.7

56.7

16

17

18

19

20

21

22

23

24

25

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

26

27

28

29

30

36

37

38

39

40

31

32

33

34

35

41

42

43

44

45

36

37

38

39

40

55.8

54.9

53.9

53.0

52.1

51.1

50.2

49.3

48.3

47.4

46.5

45.6

44.6

43.7

42.8

41.9

41.0

40.0

39.1

38.2

37.3

36.5

35.6

34.7

33.8

0–1 2 3 4 5 6 7 8 9 10 11 12

+.5

+.2

+.1

+.4

+.1

0

+.3

0

-.1

+.2

0

+.1

-.1

0

-.2

0 -.1 -.2 -.3 -.4 -.5

41

42

43

44

45

33.0

32.1

31.2

30.4

29.6

46

47

48

49

50

51

52

53

54

55

46

47

48

49

50

28.7

27.9

27.1

26.3

25.5

24.7

24.0

23.2

22.4

21.7

56

57

58

59

60

51

52

53

54

55

21.0

20.3

19.6

18.9

18.2

61

62

63

64

65

56

57

58

59

60

17.5

16.9

16.2

15.6

15.0

66

67

68

69

70

61

62

63

64

65

14.4

13.8

13.2

12.6

12.1

71

72

73

74

75

66

67

68

69

70

11.6

11.0

10.5

10.1

9.6

76

77

78

79

80

71

72

73

74

75

9.1

8.7

8.3

7.8

7.5

76

77

78

79

80

81

82

83

84

85

7.1

6.7

6.3

6.0

5.7

86

87

88

89

90

81

82

83

84

85

5.4

5.1

4.8

4.5

4.2

91

92

93

94

95

86

87

88

89

90

4.0

3.7

3.5

3.3

3.1

96

97

98

99

100

91

92

93

94

95

2.9

2.7

2.5

2.3

2.1

101

102

103

104

105

96

97

98

99

100

1.9

1.7

1.5

1.3

1.2

106

107

108

109

110

101

102

103

104

105

.8

.7

.6

.5

0

112

113

114

115

116

107

108

109

110

111

106 111 1.0

Table I (One Life) applies to all ages. Tables II–IV apply to males ages 35 to 90 and females ages 40 to 95.

Table I.—Ordinary Life Annuities—One Life—Expected Return Multiples

Number of whole months from annuity starting date to first payment date

Adjustments to Tables I, II, V, VI and VIA. Payments Made Quarterly, Semiannually, or Annually

Payments to be made:

Annually 

Semiannually 

Quarterly

Page 14 Publication 939 (December 2022)
Table II.—Ordinary Joint Life and Last Survivor Annuities—Two Lives—Expected Return Multiples

Male Female

35 40 46.2

36

37

38

39

41

42

43

44

45.7

45.3

44.8

44.4

43.6

43.1

42.5

42.0

41.5

41.8

41.1

40.4

39.8

39.2

Ages

Male 36 37 35 38 39 40 41 42 43 44 45 46 47

40 41 42 43 44 45 46 47 48 49 50 51 52

40 45 44.0 41.0 38.6

45.7

45.2

44.8

44.3

43.9

43.5

45.3

44.8

44.3

43.8

43.4

42.9

44.8

44.3

43.8

43.3

42.9

42.4

44.4

43.9

43.4

42.9

42.4

41.9

44.0

43.5

42.9

42.4

41.9

41.4

43.3

42.7

42.1

41.6

41.0

40.5

43.0

42.3

41.8

41.2

40.6

40.1

42.6

42.0

41.4

40.8

40.2

39.7

42.3

41.7

41.1

40.5

39.9

39.3

42.0

41.4

40.7

40.1

39.5

38.9

41

42

43

44

46

47

48

49

43.6

43.3

43.0

42.6

40.5

40.0

39.6

39.2

38.0

37.5

36.9

36.4

45 50 42.3 38.8 35.9

43.1

42.7

42.3

42.0

41.7

42.5

42.1

41.8

41.4

41.1

42.0

41.6

41.2

40.8

40.5

41.5

41.0

40.6

40.2

39.9

41.0

40.5

40.1

39.7

39.3

40.0

39.6

39.1

38.7

38.2

39.6

39.1

38.6

38.2

37.7

39.2

38.7

38.2

37.7

37.2

38.8

38.2

37.7

37.2

36.8

38.4

37.8

37.3

36.8

36.3

46 51 42.0 38.4 35.4

47 52 41.8 38.0 35.0

41.4

41.1

40.7

40.4

40.1

39.8

39.5

39.2

38.9

38.6

37.8

37.5

37.3

36.9

36.8

36.4

36.3

35.9

35.9

35.4

Male Female

35 40 41.5

36

37

38

39

41

42

43

44

40.8

40.2

39.5

38.9

Ages

Male 49 50 48 51 52 53 54 55 56 57 58 59 60

53 54 55 56 57 58 59 60 61 62 63 64 65

40 45 38.3

41

42

43

44

46

47

48

49

37.7

37.1

36.5

36.0

45 50 35.5

46 51 35.0

47 52 34.5

48

49

53

54

50 55

51 56

52 57

53

54

58

59

55 60

56 61

57 62

58

59

63

64

60 65

34.0

33.6

33.2

32.8

32.4

32.0

31.7

31.4

31.1

30.8

30.5

30.2

30.0

41.3

40.6

39.9

39.2

38.6

38.0

37.3

36.8

36.2

35.6

35.1

34.6

34.1

33.6

33.1

32.7

32.3

31.9

31.5

31.2

30.8

30.5

30.2

29.9

29.6

29.4

41.0

40.3

39.6

39.0

38.3

37.7

37.0

36.4

35.8

35.3

34.7

34.2

33.7

33.2

32.7

32.3

31.8

31.4

31.0

30.6

30.3

29.9

29.6

29.3

29.0

28.8

40.8

40.1

39.4

38.7

38.0

37.4

36.7

36.1

35.5

34.9

34.4

33.8

33.3

32.8

32.3

31.8

31.4

30.9

30.5

30.1

29.8

29.4

29.1

28.8

28.5

28.2

40.6

39.9

39.2

38.5

37.8

37.1

36.5

35.8

35.2

34.6

34.0

33.5

32.9

32.4

31.9

31.4

30.9

30.5

30.1

29.7

29.3

28.9

28.6

28.2

27.9

27.6

40.4

39.7

39.0

38.3

37.6

36.9

36.2

35.6

34.9

34.3

33.1

32.6

32.0

31.5

31.0

30.5

30.1

29.6

29.2

28.8

28.4

28.1

27.7

27.4

27.1

33.7

40.3

39.5

38.8

38.1

37.3

36.6

36.0

35.3

34.7

34.0

33.4

32.8

32.2

31.7

31.2

30.6

30.1

29.7

29.2

28.8

28.3

27.9

27.6

27.2

26.9

26.5

40.1

39.3

38.6

37.9

37.1

36.4

35.7

35.1

34.4

33.8

33.1

32.5

31.9

31.4

30.8

30.3

29.8

29.3

28.8

28.3

27.9

27.5

27.1

26.7

26.4

26.0

40.0

39.2

38.4

37.7

36.9

36.2

35.5

34.8

34.2

33.5

32.9

32.2

31.6

31.1

30.5

29.9

29.4

28.9

28.4

27.9

27.5

27.1

26.7

26.3

25.9

25.5

39.8

39.0

38.3

37.5

36.8

36.0

35.3

34.6

33.9

33.3

32.6

32.0

31.4

30.8

30.2

29.6

29.1

28.6

28.1

27.6

27.1

26.7

26.2

25.8

25.4

25.1

39.7

38.9

38.1

37.3

36.6

35.9

35.1

34.4

33.7

33.0

32.4

31.7

31.1

30.5

29.9

29.3

28.8

28.2

27.7

27.2

26.7

26.3

25.8

25.4

25.0

24.6

39.6

38.8

38.0

37.2

36.4

35.7

35.0

34.2

33.5

32.8

32.2

31.5

30.9

30.2

29.6

29.0

28.5

27.9

27.4

26.9

26.4

25.9

25.4

25.0

24.6

24.2

39.5

38.6

37.9

37.1

36.3

35.5

34.8

34.1

33.3

32.6

31.9

31.3

30.6

30.0

29.4

28.8

28.2

27.6

27.1

26.5

26.0

25.5

25.1

24.6

24.2

23.8

Publication 939 (December 2022) Page 15
Table II.—Ordinary Joint Life and Last Survivor Annuities—Two Lives—Expected Return Multiples—Continued

Male Female

35 40

36

37

38

39

41

42

43

44

38.9

Ages

Male 62 63 61 64 65 66 67 68 69 70 71 72 73

66 67 68 69 70 71 72 73 74 75 76 77 78

40 45

39.2

38.3

37.5

36.7

35.9

35.1

38.9

41

42

43

44

46

47

48

49

45 50

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

34.6

33.9

33.2

32.5

31.8

39.4

38.5

37.7

36.9

36.2

35.4

31.1

30.4

29.8

29.1

28.5

27.9

27.3

26.8

26.2

25.7

25.2

24.7

24.3

23.8

23.4

23.0

22.6

22.2

21.9

21.6

21.3

21.0

20.7

20.4

20.2

20.0

19.8

19.6

34.5

33.7

33.0

32.3

31.6

30.9

30.2

29.5

28.9

28.3

27.7

27.1

26.5

25.9

25.4

24.9

24.4

23.9

23.5

23.0

22.6

22.2

21.8

21.5

21.1

20.8

20.5

20.2

19.9

19.7

19.5

19.2

19.0

39.3

38.4

37.6

36.8

36.0

35.3

39.1

38.2

37.4

36.6

35.8

35.0

39.0

38.2

37.3

36.5

35.7

34.9

34.4

33.6

32.9

32.1

31.4

30.7

30.0

29.3

28.7

28.1

27.4

26.8

26.2

25.7

25.1

24.6

24.1

23.6

23.1

22.7

22.2

21.8

21.4

21.1

20.7

20.4

20.1

19.8

19.5

19.2

19.0

18.7

18.5

34.2

33.5

32.7

32.0

31.3

30.5

29.8

29.2

28.5

27.8

27.2

26.6

26.0

25.4

24.9

24.3

23.8

23.3

22.8

22.3

21.9

21.5

21.1

20.7

20.3

20.0

19.6

19.3

19.0

18.7

18.5

18.2

18.0

34.1

33.4

32.6

31.8

31.1

30.4

29.7

29.0

28.3

27.6

27.0

26.4

25.8

25.2

24.6

24.1

23.5

23.0

22.5

22.0

21.6

21.1

20.7

20.3

19.9

19.6

19.2

18.9

18.6

18.3

18.0

17.8

17.5

38.1

37.3

36.4

35.6

34.8

34.0

33.2

32.5

31.7

31.0

30.2

29.5

28.8

28.1

27.5

26.8

26.2

25.6

25.0

24.4

23.8

23.3

22.7

22.2

21.7

21.3

20.8

20.4

20.0

19.6

19.2

18.8

18.5

18.2

17.9

17.6

17.3

17.1

38.0

37.2

36.4

35.5

34.7

33.9

33.1

32.4

31.6

30.8

30.1

29.4

28.7

28.0

27.3

26.6

26.0

25.4

24.7

24.1

23.6

23.0

22.5

21.4

21.9

21.0

20.5

20.1

19.6

19.2

18.8

18.5

18.1

17.8

17.5

17.2

16.9

16.7

38.8

38.0

37.1

36.3

35.5

34.6

33.8

33.0

32.3

31.5

30.7

30.0

29.3

28.5

27.8

27.1

26.5

25.8

25.2

24.6

23.9

23.4

22.8

22.2

21.7

20.7

20.2

19.8

19.3

18.9

18.5

18.1

17.8

17.4

17.1

16.8

16.5

16.2

21.2

38.8

37.9

37.1

36.2

35.4

34.6

33.8

33.0

32.2

31.4

30.6

29.9

29.1

28.4

27.7

27.0

26.3

25.7

25.0

24.4

23.8

23.2

22.6

22.0

21.5

20.4

19.9

19.5

19.0

18.6

18.2

17.8

17.4

17.1

16.7

16.4

16.1

15.8

20.9

38.7

37.9

37.0

36.2

35.3

34.5

33.7

32.9

32.1

31.3

30.5

29.8

29.0

28.3

27.6

26.9

26.2

25.5

24.8

24.2

23.6

23.0

22.4

21.8

21.2

20.7

20.2

19.7

19.2

18.7

18.3

17.9

17.5

17.1

16.7

16.4

16.1

15.8

15.5

38.7

37.8

36.9

36.1

35.3

34.4

33.6

32.8

32.0

31.2

30.4

29.7

28.9

28.2

27.5

26.7

26.0

25.4

24.7

24.0

23.4

22.8

22.2

21.6

21.0

20.5

20.0

19.5

19.0

18.5

18.0

17.6

17.2

16.8

16.4

16.1

15.7

15.4

15.1

38.6

37.8

36.9

36.0

35.2

34.4

33.5

32.7

31.9

31.1

30.4

29.6

28.8

28.1

27.4

26.6

25.9

24.6

23.9

23.3

22.6

22.0

21.4

20.9

20.3

19.8

19.2

18.7

18.2

17.8

17.3

16.9

16.5

16.1

15.8

15.4

15.1

14.8

38.6

37.7

36.9

36.0

35.2

34.3

33.5

32.7

31.9

31.1

30.3

29.5

28.7

28.0

27.3

26.5

25.8

25.1

24.4

23.8

23.1

22.5

21.9

21.3

20.7

20.1

19.6

19.0

18.5

18.0

17.5

17.1

16.7

16.2

15.8

15.5

15.1

14.8

14.4

25.2

Page 16 Publication 939 (December 2022)
Table II.—Ordinary Joint Life and Last Survivor Annuities—Two Lives—Expected Return Multiples—Continued

Male Female

35 40

36

37

38

39

41

42

43

44

38.4

Ages

Male 75 76 74 77 78 79 80 81 82 83 84 85

79 80 81 82 83 84 85 86 87 88 89 90

40 45

38.5 38.4

41

42

43

44

46

47

48

49

45 50

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

38.6 38.5 38.5 38.4 38.4 38.4 38.4 38.3 38.3

74

75

79

80

76

77

78

79

80

81

82

83

84

85

81

82

83

84

85

86

87

88

89

90

37.7

36.8

36.0

35.1

34.3

33.4

32.6

31.8

31.0

30.2

29.4

28.7

27.9

27.2

26.4

25.7

25.0

24.3

23.6

23.0

22.3

21.7

21.1

20.5

19.9

19.4

18.8

18.3

17.8

17.3

16.9

16.4

16.0

15.6

15.2

14.8

14.5

14.1

13.8

13.5

13.2

13.0

12.7

12.5

12.3

12.1

11.9

11.7

11.6

11.4

37.6

36.8

35.9

35.1

34.2

33.4

32.6

31.8

30.9

30.1

29.4

28.6

27.8

27.1

26.3

25.6

24.9

24.2

23.5

22.9

22.2

21.6

21.0

20.4

19.8

19.2

18.7

18.1

17.6

17.1

16.6

16.2

15.7

15.3

14.9

14.5

14.2

13.8

13.5

13.2

12.9

12.6

12.4

12.2

11.9

11.7

11.5

11.4

11.2

11.0

37.6

36.7

35.9

35.0

34.2

33.3

32.5

31.7

30.9

30.1

29.3

28.5

27.8

27.0

26.3

25.5

24.8

24.1

23.4

22.8

22.1

21.5

20.8

20.2

19.6

19.1

18.5

18.0

17.4

16.9

16.4

16.0

15.5

15.1

14.7

14.3

13.9

13.6

13.2

12.9

12.6

12.3

12.1

11.8

11.6

11.4

11.2

11.0

10.8

10.7

37.6

36.7

35.9

35.0

34.1

33.3

32.5

31.7

30.8

30.0

29.2

28.5

27.7

26.9

26.2

25.5

24.7

24.0

23.3

22.7

22.0

21.3

20.7

20.1

19.5

18.9

18.3

17.8

17.3

16.7

16.3

15.8

15.3

14.9

14.5

14.1

13.7

13.3

13.0

12.6

12.3

12.1

11.8

11.5

11.3

11.1

10.8

10.7

10.5

10.3

37.6

36.7

35.8

35.0

34.1

33.3

32.4

31.6

30.8

30.0

29.2

28.4

27.6

26.9

26.1

25.4

24.7

23.9

23.2

22.6

21.9

21.2

20.6

20.0

19.4

18.8

18.2

17.6

17.1

16.6

16.1

15.6

15.1

14.7

14.3

13.8

13.5

13.1

12.7

12.4

12.1

11.8

11.5

11.2

11.0

10.7

10.5

10.3

10.0

10.0

37.5

36.7

35.8

34.9

34.1

33.2

32.4

31.6

30.8

29.9

29.2

28.4

27.6

26.8

26.1

25.3

24.6

23.9

23.2

22.5

21.8

21.1

20.5

19.9

19.3

18.7

18.1

17.5

17.0

16.4

15.9

15.4

15.0

14.5

14.1

13.6

13.2

12.9

12.5

12.2

11.8

11.5

11.2

11.0

10.7

10.5

10.2

10.0

9.8

9.6

37.5

36.6

35.8

34.9

34.1

33.2

32.4

31.5

30.7

29.9

29.1

28.3

27.5

26.8

26.0

25.3

24.5

23.8

23.1

22.4

21.7

21.1

20.4

19.8

19.1

18.5

18.0

17.4

16.8

16.3

15.8

15.3

14.8

14.3

13.9

13.5

13.0

12.7

12.3

11.9

11.6

11.3

11.0

10.7

10.4

10.2

10.0

9.7

9.5

9.3

37.5

36.6

35.8

34.9

34.0

33.2

32.3

31.5

30.7

29.9

29.1

28.3

27.5

26.7

26.0

25.2

24.5

23.7

23.0

22.3

21.6

21.0

20.3

19.7

19.0

18.4

17.8

17.3

16.7

16.2

15.6

15.1

14.6

14.2

13.7

13.3

12.9

12.5

12.1

11.7

11.4

11.1

10.7

10.5

10.2

9.9

9.7

9.5

9.3

9.1

37.5

36.6

35.7

34.9

34.0

33.2

32.3

31.5

30.7

29.8

29.0

28.2

27.5

26.7

25.9

25.2

24.4

23.7

23.0

22.3

21.6

20.9

20.2

19.6

19.0

18.3

17.7

17.2

16.6

16.0

15.5

15.0

14.5

14.0

13.6

13.1

12.7

12.3

11.9

11.5

11.2

10.8

10.5

10.2

10.0

9.7

9.4

9.2

9.0

8.8

37.5

36.6

35.7

34.8

34.0

33.1

32.3

31.5

30.6

29.8

29.0

28.2

27.4

26.6

25.9

25.1

24.4

23.6

22.9

22.2

21.5

20.8

20.2

19.5

18.9

18.3

17.7

17.1

16.5

15.9

15.4

14.9

14.4

13.9

13.4

13.0

12.5

12.1

11.7

11.4

11.0

10.7

10.3

10.0

9.7

9.5

9.2

9.0

8.7

8.5

37.5

36.6

35.7

34.8

34.0

37.4

36.6

35.7

34.8

34.0

33.1

32.3

31.4

30.6

29.8

29.0

28.2

27.4

26.6

25.8

25.1

24.3

23.6

22.9

22.2

21.5

20.8

20.1

19.4

18.8

33.1

32.3

31.4

30.6

29.8

28.9

28.1

27.4

26.6

25.8

25.0

24.3

23.5

22.8

22.1

21.4

20.7

20.0

19.4

18.7

18.2

17.6

17.0

16.4

15.8

15.3

14.8

14.3

13.8

13.3

12.8

12.4

12.0

11.6

11.2

10.8

10.5

10.1

9.8

9.5

9.3

9.0

8.7

8.5

8.3

18.1

17.5

16.9

16.3

15.8

15.2

14.7

14.2

13.7

13.2

12.7

12.3

11.8

11.4

11.0

10.7

10.3

10.0

9.6

9.3

9.1

8.8

8.5

8.3

8.1

Publication 939 (December 2022) Page 17
36

37

38

39

41

42

43

44

86

91

38.3

41

42

43

44

46

47

48

49

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

74

75

79

80

76

77

78

79

80

81

82

83

84

85

81

82

83

86

87

88

37.4

36.5

35.7

34.8

33.9

33.1

32.2

31.4

30.6

29.7

28.9

28.1

27.3

26.5

25.8

25.0

24.3

23.5

22.8

22.1

21.4

20.7

20.0

19.3

18.7

18.1

17.4

16.8

16.2

15.7

15.1

14.6

14.1

13.6

13.1

12.6

12.1

11.7

11.3

10.9

10.5

10.2

9.8

9.5

9.2

8.9

8.6

8.3

37.4

36.5

35.7

34.8

33.9

33.1

32.2

31.4

30.5

29.7

28.9

28.1

27.3

26.5

25.7

25.0

24.2

23.5

22.7

22.0

37.4

36.5

35.6

34.8

33.9

33.1

32.2

31.4

30.5

29.7

28.9

28.1

27.3

26.5

25.7

24.9

23.4

22.7

37.4

36.5

35.6

34.8

33.9

33.0

32.2

31.4

30.5

29.7

28.9

28.1

27.3

26.5

25.7

23.4

37.4

36.5

35.6

34.8

33.9

33.0

32.2

31.3

30.5

29.7

28.9

28.0

27.2

26.5

25.7

23.4

24.2

22.0

24.2

22.0

24.1

21.9

24.9

22.7

24.9

22.7

21.3

20.6

19.9

19.3

18.6

18.0

17.4

16.8

16.2

15.6

15.0

14.5

14.0

13.5

13.0

12.5

12.0

11.6

11.2

10.8

10.4

10.0

9.7

9.3

9.0

8.7

8.4

8.2

21.3

20.6

19.9

19.2

18.6

21.3

20.6

19.9

19.2

18.5

21.2

20.5

19.8

19.2

18.5

17.9

17.3

16.7

16.1

15.5

15.0

14.4

13.9

13.4

12.9

12.4

11.9

11.5

11.1

10.7

10.3

9.9

9.5

9.2

8.9

8.6

8.3

8.0

17.9

17.3

16.7

16.1

17.9

17.2

16.6

16.0

15.5

14.9

14.4

13.8

13.3

12.8

15.4

14.8

14.3

13.8

13.2

12.7

12.3

11.8

11.4

11.0

10.5

10.2

9.8

9.4

9.1

8.7

8.4

8.1

7.9

12.2

11.8

11.3

10.9

10.5

10.1

9.7

9.3

8.9

8.6

8.3

8.0

7.7

84 89 8.1 7.9 7.8 7.6 7.5

85 90 7.9 7.7 7.5 7.4 7.2

Table II.—Ordinary Joint Life and Last Survivor Annuities— Two Lives— 

Expected Return Multiples—Continued

Ages

Male Female

Male 87 88 89 90

92 93 94 95

35 40

40 45

45 50

38.3 38.3 38.3 38.3

86

87

88

89

90

91

92

93

94

95

7.7

7.5

7.3

7.1

7.0

7.5

7.3

7.1

6.9

6.8

7.3

7.1

6.9

6.7

6.6

7.1

6.9

6.7

6.5

6.4

7.0

6.8

6.6

6.4

6.2

Page 18 Publication 939 (December 2022)
Table III.—Percent Value of Refund Feature

Male Female

35 40

36

37

38

39

41

42

43

44

Ages

2

years

3

years

4

years

5

years

1

year

6

years

7

years

8

years

9

years

10

years

11

years

12

years

40 45

41

42

43

44

46

47

48

49

45 50

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

—

74

75

79

80

76

77

78

79

80

81

82

83

84

85

81

82

83

84

85

86

87

88

89

90

1

Duration of guaranteed amount

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

4

5

5

5

6

86

87

88

89

90

91

92

93

94

95

6

7

7

8

8

—

1

—

—

—

—

—

—

—

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

3

4

4

4

5

5

5

6

6

7

7

8

8

9

9

10

11

11

12

13

14

15

16

—

2

—

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

4

3

3

3

3

4

5

5

4

4

6

6

6

7

7

8

8

9

10

11

11

12

13

14

15

16

17

18

19

21

22

23

1

1

1

1

1

1

2

2

2

1

1

1

1

1

2

2

2

2

3

3

3

3

5

4

4

4

4

5

7

6

6

6

7

8

9

9

10

11

11

12

13

14

15

16

17

18

19

21

22

24

25

27

28

30

1

1

1

1

1

1

1

1

3

3

2

1

1

2

2

2

2

2

3

3

3

4

4

4

6

6

5

5

5

7

9

8

8

7

9

10

11

12

12

13

14

15

16

17

19

20

21

23

24

26

27

29

31

32

34

36

1

1

1

1

1

1

1

1

3

3

3

2

2

2

2

2

2

3

4

4

4

4

5

5

7

7

6

6

6

8

11

10

9

9

11

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

34

36

38

40

42

2

1

1

1

1

1

1

1

4

4

3

2

2

2

3

3

3

3

4

5

5

5

6

6

9

8

8

7

7

9

13

12

11

10

13

14

15

16

18

19

20

21

23

24

26

27

29

31

33

34

36

38

40

42

45

47

2

2

2

2

1

1

1

1

5

4

4

2

3

3

3

3

3

4

5

5

6

6

7

7

10

10

9

8

8

11

14

14

13

12

16

17

18

19

20

22

23

24

26

28

29

31

33

35

37

38

41

43

45

47

49

51

2

2

2

2

2

2

1

1

5

5

5

3

3

3

3

4

4

4

6

6

7

7

8

8

12

11

10

9

10

13

16

15

14

13

18

19

20

21

23

24

26

27

29

31

33

34

36

38

40

42

44

47

49

51

53

55

3

2

2

2

2

2

2

2 2

2

2

2

2

3

3

3

3

3

4

4

4

5

5

5

6

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

29

30

32

34

36

38

40

42

44

46

48

50

52

55

57

59

2

2

2

2

3

3

3

3

4

4

4

4

5

5

5

6

6

7

7

8

8

9

10

10

11

12

13

14

15

16

17

18

19

21

22

23

25

26

28

30

31

33

35

37

39

41

43

45

47

49

51

54

56

58

60

62

2

2

3

3

3

3

3

4

4

4

5

5

5

6

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

19

20

21

23

24

26

27

29

30

32

34

36

38

40

42

44

46

48

50

52

55

57

59

61

63

65

2

3

3

3

3

4

4

4

4

5

5

5

6

6

7

7

8

8

9

10

10

11

12

13

14

15

16

17

18

19

20

22

23

25

26

28

29

31

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

65

67

13

years

Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent

Publication 939 (December 2022) Page 19
Table III.—Percent Value of Refund Feature—Continued

Male Female

35 40

36

37

38

39

41

42

43

44

Ages

15

years

16

years

17

years

18

years

14

years

19

years

20

years

21

years

22

years

23

years

24

years

25

years

40 45

41

42

43

44

46

47

48

49

45 50

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

3

74

75

79

80

76

77

78

79

80

81

82

83

84

85

81

82

83

84

85

86

87

88

89

90

Duration of guaranteed amount

3

86

87

88

89

90

91

92

93

94

95

33444555667

Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent Percent

3

3

4

4

4

5

5

5

6

6

7

7

8

8

9

9

10

11

11

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

34

35

37

39

41

43

45

48

50

52

54

56

58

60

62

64

66

68

70

3

3

4

4

4

5

5

5

6

6

7

7

8

8

9

10

10

11

12

13

13

14

15

16

18

19

20

21

23

24

26

27

29

30

32

34

36

38

40

42

44

46

48

50

52

54

56

58

60

62

64

66

68

70

72

Percent

4

4

4

4

5

5

5

6

6

7

7

8

8

9

10

10

11

12

13

14

15

16

17

18

19

20

22

23

24

26

28

29

31

33

34

36

38

40

42

44

46

48

50

53

55

57

59

61

63

65

66

68

70

72

73

4

4

4

5

5

6

6

6

7

7

8

9

9

10

11

11

12

13

14

15

16

17

18

19

20

22

23

25

26

28

29

31

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

65

67

68

70

72

73

75

4

4

5

5

6

6

6

7

7

8

9

9

10

11

11

12

13

14

15

16

17

18

19

21

22

23

25

26

28

30

31

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

65

67

68

70

72

73

75

76

5

5

5

6

6

7

7

8

8

9

9

10

11

11

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

65

66

68

70

72

73

75

76

77

5

5

6

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

65

66

68

70

71

73

74

76

77

79

5

6

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

63

64

66

68

70

71

73

74

76

77

78

—

6

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

19

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

49

51

53

55

57

59

61

62

64

66

68

69

71

73

74

75

77

78

—

—

6

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

49

51

53

55

57

58

60

62

64

66

67

69

71

72

74

75

76

78

—

—

—

7

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

32

33

35

37

39

41

43

45

47

48

50

52

54

56

58

60

62

64

65

67

69

70

72

73

75

76

77

—

—

—

—

7

8

8

9

9

10

11

12

12

13

14

15

16

17

18

20

21

22

24

25

27

28

30

31

33

35

37

39

41

42

44

46

48

50

52

54

56

58

60

62

63

65

67

68

70

72

73

74

76

77

—

—

—

—

—

Page 20 Publication 939 (December 2022)
Table IV.—Temporary Life Annuities1—One Life—Expected Return Multiples

Male Female

0 to 8 0 to 13

Ages

1 2 3 4 5 6 7 8 9 10

1.0

Temporary period—maximum duration of annuity

2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

Years

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 7.0 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 6.9 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 6.9 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 6.9 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 6.9 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 6.0 6.9 7.9 8.9 9.9

1.0 2.0 3.0 4.0 5.0 5.9 6.9 7.9 8.9 9.8

1.0 2.0 3.0 4.0 5.0 5.9 6.9 7.9 8.9 9.8

1.0 2.0 3.0 4.0 5.0 5.9 6.9 7.9 8.9 9.8

1.0 2.0 3.0 4.0 5.0 5.9 6.9 7.9 8.8 9.8

1.0 2.0 3.0 4.0 5.0 5.9 6.9 7.9 8.8 9.8

1.0 2.0 3.0 4.0 4.9 5.9 6.9 7.9 8.8 9.8

1.0 2.0 3.0 4.0 4.9 5.9 6.9 7.8 8.8 9.7

1.0 2.0 3.0 4.0 4.9 5.9 6.9 7.8 8.8 9.7

1.0 2.0 3.0 4.0 4.9 5.9 6.9 7.8 8.8 9.7

1.0 2.0 3.0 4.0 4.9 5.9 6.9 7.8 8.8 9.7

1.0 2.0 3.0 4.0 4.9 5.9 6.8 7.8 8.7 9.7

1.0 2.0 3.0 3.9 4.9 5.9 6.8 7.8 8.7 9.6

1.0 2.0 3.0 3.9 4.9 5.9 6.8 7.8 8.7 9.6

1.0 2.0 3.0 3.9 4.9 5.9 6.8 7.7 8.7 9.6

1.0 2.0 3.0 3.9 4.9 5.9 6.8 7.7 8.6 9.5

1.0 2.0 3.0 3.9 4.9 5.8 6.8 7.7 8.6 9.5

1.0 2.0 3.0 3.9 4.9 5.8 6.8 7.7 8.6 9.5

1.0 2.0 3.0 3.9 4.9 5.8 6.7 7.7 8.6 9.4

1.0 2.0 3.0 3.9 4.9 5.8 6.7 7.6 8.5 9.4

1.0 2.0 2.9 3.9 4.9 5.8 6.7 7.6 8.5 9.3

1.0 2.0 2.9 3.9 4.8 5.8 6.7 7.6 8.4 9.3

1.0 2.0 2.9 3.9 4.8 5.8 6.7 7.5 8.4 9.2

1.0 2.0 2.9 3.9 4.8 5.7 6.6 7.5 8.4 9.2

1.0 2.0 2.9 3.9 4.8 5.7 6.6 7.5 8.3 9.1

1

See footnote at end of table.

Publication 939 (December 2022) Page 21
Table IV.—Temporary Life Annuities1—One Life—Expected Return Multiples—Continued

Male Female

Ages

1 2 3 4 5 6 7 8 9 10

1.0

Temporary period—maximum duration of annuity

2.0 2.9 3.9 4.8 5.7 6.6 7.4 8.3 9.1

Years

1.0 2.0

1.0 2.0

1.0 2.0

1.0 2.0

1.0 2.0

1.0 1.9

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

.9

.9

1

See footnote at end of table.

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

.9

.9

1.9

1.9

1.9

1.9

1.8

1.8

1.8

1.8

1.8

1.8

1.8

1.8

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

2.8

2.7

2.6

2.5

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.8

2.8

2.8

2.8

2.8

2.8

2.7

2.7

2.7

2.7

2.6

2.6

2.6

2.5

2.5

3.8

3.7

3.6

3.5

3.4

3.3

3.2

3.1

3.1

3.2

3.3

3.9

3.8

3.8

3.8

3.8

3.8

3.8

3.7

3.7

3.7

3.7

3.6

3.6

3.5

3.5

3.4

3.4

4.8

4.8

4.7

4.6

4.5

4.4

4.3

4.2

4.7

4.7

4.7

4.6

4.6

4.6

4.5

4.5

4.4

4.3

4.2

4.1

4.1

4.0

3.9

3.9

3.8

3.7

3.6

3.6

5.7 6.5 7.4 8.2 9.0

5.6 6.5 7.3 8.1 8.9

5.6 6.5 7.3 8.1 8.8

5.6 6.4 7.2 8.0 8.8

5.6 6.4 7.2 7.9 8.7

5.5 6.3 7.1 7.9 8.6

5.5 6.3 7.1 7.8 8.5

5.4 6.2 7.0 7.7 8.4

5.4 6.2 6.9 7.6 8.3

5.4 6.1 6.8 7.5 8.2

5.3 6.1 6.8 7.4 8.0

5.3 6.0 6.7 7.3 7.9

5.2 5.9 6.5 7.2 7.8

5.2 5.8 6.5 7.1 7.6

5.1 5.8 6.4 7.0 7.5

5.0 5.7 6.3 6.8 7.3

5.0 5.6 6.2 6.7 7.1

4.9 5.5 6.1 6.5 7.0

4.8 5.4 5.9 6.4 6.8

4.7 5.3 5.8 6.2 6.6

4.7 5.2 5.7 6.1 6.4

4.6 5.1 5.5 5.9 6.2

4.5 5.0 5.4 5.7 6.0

4.4 4.8 5.2 5.6 5.8

4.3 4.7 5.1 5.4 5.6

4.2 4.6 4.9 5.2 5.4

4.1 4.5 4.8 5.0 5.2

4.0 4.3 4.6 4.8 5.0

Male Female

Ages

11 12 13 14 15 16 17 18 19 20

10.9

Temporary period—maximum duration of annuity

11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

Years

0 to 8 0 to 13

9

10

11

12

13

14

15

16

17

18

19

20

21

14

15

16

17

18

19

20

21

22

23

24

25

26

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.8 19.7

10.9 11.9 12.9 13.9 14.9 15.8 16.8 17.8 18.7 19.7

10.9 11.9 12.9 13.9 14.8 15.8 16.8 17.8 19.7

10.9 11.9 12.9 13.9 15.8 16.8 17.8 19.7

10.9 11.9 12.9 13.9 15.8 16.8 17.8 19.7

10.9 11.9 12.9 13.9 15.8 16.8 17.7 19.7

10.9 11.9 12.9 13.9 15.8 16.8 17.7 19.7

10.9 11.9 12.9 13.8 14.8 15.8 16.8 17.7 19.6

14.8

14.8

14.8

14.8

18.7

18.7

18.7

18.7

18.7

18.7 Page 22 Publication 939 (December 2022)
Table IV.—Temporary Life Annuities1—One Life—Expected Return Multiples—Continued

1

See footnote at end of table.

Male Female

Ages

11 12 13 14 15 16 17 18 19 20

10.9

Temporary period—maximum duration of annuity

11.9 12.9 13.8 14.8 15.8 16.7 17.7 18.7 19.6

Years

10.9 11.9 12.9 15.8

10.9 11.9 12.9 15.8

10.9 11.9 12.8

10.9 11.9

10.9 11.9

10.9 11.8 14.7

10.9

10.9

10.8

12.7

13.7

11.7

14.6

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

13.6 14.5

12.6 13.6

10.7 13.5 14.4

11.6 13.5

12.5 13.5

13.4 14.3

10.6 13.4

11.5 12.4 13.3 14.2

13.3 14.1

10.5 11.4 12.3 13.2 14.1

13.2 14.0

12.2 13.1 13.9

10.4 11.3 13.0 13.8

12.1 12.9 13.8

10.3 11.2 12.0 12.9 13.7

11.1 12.8 13.6

10.2 11.9 12.7 13.5

11.0 11.8 12.6 13.4

10.1 10.9 11.7 12.5 13.2

10.1 11.6 12.4 13.1

10.0 10.8 11.5 12.3 13.0

9.9 10.7 11.4 12.2 12.8

9.8 10.6 11.3 12.0 12.7

9.8 10.5 11.2 11.9 12.5

9.7 10.4 11.1 11.7 12.4

9.6 10.3 11.0 11.6 12.2

9.5 10.2 10.8 11.4 12.0

9.4 10.0 10.7 11.3 11.8

9.3 10.5 11.1 11.6

9.1 10.3 10.9 11.4

9.0 10.2 10.7 11.2

8.9 10.0 10.5 10.9

8.7 10.3 10.7

8.6 10.0 10.4

8.4 9.8 10.2

8.3 9.6 9.9

10.2

10.3

10.4

10.5

10.5

10.6

10.6

10.7

10.7

10.7

10.8

10.8

10.8

10.8

10.8

10.8

10.9

11.1

11.3

11.4

11.4

11.5

11.6

11.6

11.6

11.7

11.7

11.7

11.8

11.8

11.8

11.8

11.8

11.8

9.9

9.8

9.6

9.5

9.3

9.1

8.9

8.7

9.8

9.6

9.4

9.2

12.8

12.8

12.8

12.8

12.8

12.8

12.7

12.7

12.7

12.7

12.6

12.6

12.5

12.5

12.4

12.3

12.2

12.0

14.8

14.8

14.8

14.8

14.8

14.7

14.7

14.7

14.6

14.6

14.6

14.5

14.4

14.4

14.3

13.6

13.6

13.7

13.7

13.7

13.8

13.8

13.8

13.8

13.8

13.8

13.8

15.7

15.7

15.7

15.7

15.7

15.6

15.6

15.6

15.6

15.5

15.5

15.4

15.4

15.3

15.3

15.2

15.2

15.1

15.1

15.0

14.9

14.8

14.7

14.7

14.6

14.5

14.3

14.2

14.1

14.0

13.8

13.7

13.5

13.3

13.2

13.0

12.8

12.5

12.3

12.1

11.9

11.6

11.3

11.1

10.8

10.5

10.2

16.7

16.7

16.7

16.7

16.7

16.6

16.6

16.6

16.5

16.5

16.5

16.4

16.4

16.3

16.3

16.2

16.2

16.1

16.1

16.0

15.9

15.8

15.7

15.7

15.6

15.4

15.3

15.2

15.1

14.9

14.8

14.6

14.5

14.3

14.1

13.9

13.7

13.5

13.3

13.1

12.8

12.5

12.3

12.0

11.7

11.4

11.1

10.8

10.4

17.7

17.7

17.7

17.6

17.6

17.6

17.6

17.5

17.5

17.4

17.4

17.4

17.3

17.2

17.2

17.1

17.1

17.0

16.9

16.8

16.7

16.7

16.6

16.5

16.3

16.2

16.1

16.0

15.8

15.6

15.5

15.3

15.1

14.9

14.7

14.5

14.3

14.0

13.8

13.5

13.2

13.0

12.7

12.4

12.0

11.7

11.4

11.0

10.7

18.7

18.6

18.6

18.6

18.6

18.5

18.5

18.4

18.4

18.4

18.3

18.3

18.2

18.1

18.1

18.0

17.9

17.8

17.8

17.7

17.6

17.5

17.4

17.2

17.1

17.0

16.8

16.7

16.5

16.3

16.1

15.9

15.7

15.5

15.3

15.0

14.8

14.5

14.2

14.0

13.7

13.3

13.0

12.7

12.3

12.0

11.6

11.2

10.9

19.6

19.6

19.6

19.5

19.5

19.5

19.4

19.4

19.3

19.3

19.2

19.2

19.1

19.0

18.9

18.9

18.8

18.7

18.6

18.5

18.4

18.3

18.1

18.0

17.8

17.7

17.5

17.4

17.2

17.0

16.8

16.5

16.3

16.1

15.8

15.5

15.3

15.0

14.7

14.3

14.0

13.7

13.3

13.0

12.6

12.2

11.8

11.4

11.0 Publication 939 (December 2022) Page 23
Table IV.—Temporary Life Annuities1—One Life—Expected Return Multiples—Continued

1

See footnote at end of table.

Male Female

Ages

11 12 13 14 15 16 17 18 19 20

8.1

Temporary period—maximum duration of annuity

8.6 8.9 9.3 9.6 9.9 10.1 10.3 10.5 10.6

Years

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

7.9

7.7

7.6

7.4

7.1

6.9

6.7

6.5

6.3

6.0

5.8

5.6

5.3

5.1

8.3

8.1

7.9

7.7

7.5

7.2

7.0

6.7

6.5

6.2

6.0

5.7

5.5

5.2

8.7

8.5

8.2

8.0

7.7

7.4

7.2

6.9

6.6

6.4

6.1

5.8

5.5

5.3

9.0

8.8

8.5

8.2

7.9

7.6

7.3

7.1

6.8

6.5

6.2

5.9

5.6

5.3

9.3

9.0

8.7

8.4

8.1

7.8

7.5

7.2

6.9

6.5

6.2

5.9

5.6

—

9.6

9.2

8.9

8.6

8.3

7.9

7.6

7.3

6.9

6.6

6.3

6.0

—

—

9.8

9.4

9.1

8.7

8.4

8.0

7.7

7.3

7.0

6.7

6.3

—

—

—

9.9

9.6

9.2

8.8

8.5

8.1

7.7

7.4

7.0

6.7

—

—

—

—

10.1

9.7

9.3

8.9

8.5

8.2

7.8

7.4

7.1

—

—

—

—

—

10.2

9.8

9.4

9.0

8.6

8.2

7.8

7.4

—

—

—

—

—

—

Male Female

Ages

21 22 23 24 25 26 27 28 29 30

20.7

Temporary period—maximum duration of annuity

21.7 22.7 23.6 24.6 25.6 26.5 27.5 28.4 29.4

Years

0 to 8 0 to 13

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

20.7 21.7 22.7

20.7 21.7 22.7

20.7 21.7

20.7 21.7

20.7 21.7

20.7 21.7

20.7 21.6

20.7

20.7

20.7

20.6

20.6

20.6

20.6

20.6

20.5

20.5

20.5

20.4

20.4

20.3

20.3

20.2

20.2

20.1

20.0

20.0

21.6

21.6

21.6

21.6

21.6

21.5

21.5

21.5

21.5

21.4

21.4

21.3

21.3

21.2

21.2

21.1

21.1

21.0

20.9

20.8

22.6

22.6

22.6

22.6

22.6

22.6

22.6

22.6

22.5

22.5

22.5

22.5

22.4

22.4

22.4

22.3

22.3

22.2

22.1

22.1

22.0

21.9

21.9

21.8

21.7

23.6

23.6

23.6

23.6

23.6

23.6

23.6

23.6

23.5

23.5

23.5

23.5

23.4

23.4

23.4

23.3

23.3

23.2

23.2

23.1

23.0

23.0

22.9

22.8

22.7

22.6

22.5

24.6 25.6 26.5 27.5 28.4 29.4

24.6 25.5 26.5 27.5 28.4 29.4

24.6 26.5 27.4 28.4 29.3

24.6 26.5 27.4 28.4 29.3

24.6 26.5 27.4 28.4 29.3

24.5 26.4 27.4 28.3 29.3

25.5

25.5

25.5

25.5

25.5

25.5

24.5

24.5

24.5

24.5

24.4

24.4

24.4

24.3

24.3

24.2

24.2

24.1

24.1

24.0

23.9

23.8

23.8

23.7

23.6

23.5

23.3

25.4

25.4

25.4

25.3

25.3

25.3

25.2

25.2

25.1

25.0

25.0

24.9

24.8

24.7

24.6

24.5

24.4

24.3

24.2

26.4

26.4

26.4

26.3

26.3

26.3

26.2

26.2

26.1

26.1

26.0

25.9

25.8

25.8

25.7

25.6

25.5

25.4

25.2

25.1

25.0

27.4

27.3

27.3

27.3

27.2

27.2

27.1

27.1

27.0

27.0

26.9

26.8

26.7

26.6

26.5

26.4

26.3

26.2

26.0

25.9

25.7

28.3

28.3

28.2

28.2

28.1

28.1

28.0

28.0

27.9

27.8

27.8

27.7

27.6

27.5

27.4

27.2

27.1

27.0

26.8

26.7

26.5

29.2

29.2

29.2

29.1

29.1

29.0

28.9

28.9

28.8

28.7

28.6

28.5

28.4

28.3

28.2

28.1

27.9

27.8

27.6

27.4

27.2

Page 24 Publication 939 (December 2022)
21 22 23 24 25 26 27 28 29 30

36 19.9 20.7 21.6 22.4 23.2 24.0 24.8 25.6 26.3 27.0

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

79 84

19.8

19.7

19.6

19.5

19.4

19.3

19.2

19.0

18.9

18.7

18.6

18.4

18.2

18.0

17.8

17.6

17.4

17.1

16.9

16.6

16.3

16.0

15.7

15.4

15.1

14.7

14.4

14.0

13.6

13.2

12.8

12.4

12.0

11.6

11.2

10.7

10.3

9.9

9.5

9.1

8.6

8.2

7.8

20.6

20.5

20.4

20.3

20.2

20.1

19.9

19.8

19.6

19.4

19.3

19.1

18.9

18.7

18.4

18.2

17.9

17.7

17.4

17.1

16.8

16.5

16.1

15.8

15.4

15.0

14.6

14.3

13.8

13.4

13.0

12.6

12.1

11.7

11.3

10.8

10.4

9.9

9.5

9.1

8.7

8.3

—

21.5

21.4

21.2

21.1

21.0

20.8

20.7

20.5

20.3

20.1

19.9

19.7

19.5

19.3

19.0

18.7

18.5

18.2

17.9

17.5

17.2

16.9

16.5

16.1

15.7

15.3

14.9

14.5

14.1

13.6

13.2

12.7

12.3

11.8

11.3

10.9

10.4

10.0

9.6

9.1

8.7

—

—

22.3

22.2

22.0

21.9

21.7

21.6

21.4

21.2

21.0

20.8

20.6

20.4

20.1

19.8

19.6

19.3

19.0

18.7

18.3

18.0

17.6

17.2

16.8

16.4

16.0

15.6

15.1

14.7

14.2

13.8

13.3

12.8

12.4

11.9

11.4

10.9

10.5

10.0

9.6

9.1

—

—

23.1

23.0

22.8

22.6

22.5

22.3

22.1

21.9

21.7

21.5

21.2

21.0

20.7

20.4

20.1

19.8

19.4

19.1

18.7

18.4

18.0

17.6

17.1

16.7

16.3

15.8

15.3

14.9

14.4

13.9

13.4

12.9

12.4

12.0

11.5

11.0

10.5

10.1

9.6

—

—

—

—

23.9

23.7

23.6

23.4

23.2

23.0

22.8

22.6

22.3

22.1

21.8

21.5

21.2

20.9

20.6

20.2

19.9

19.5

19.1

18.7

18.3

17.9

17.4

17.0

16.5

16.0

15.5

15.0

14.5

14.0

13.5

13.0

12.5

12.0

11.5

11.0

10.5

10.1

—

—

—

—

—

24.6

24.5

24.3

24.1

23.9

23.7

23.4

23.2

22.9

22.7

22.4

22.1

21.7

21.4

21.1

20.7

20.3

19.9

19.5

19.0

18.6

18.1

17.7

17.2

16.7

16.2

15.7

15.2

14.6

14.1

13.6

13.1

12.6

12.0

11.5

11.0

10.5

25.4

25.2

25.0

24.8

24.6

24.3

24.1

23.8

23.5

23.2

22.9

22.6

22.2

21.9

21.5

21.1

20.7

20.2

19.8

19.3

18.9

18.4

17.9

17.4

16.9

16.3

15.8

15.3

14.7

14.2

13.7

13.1

12.6

12.1

11.6

11.0

26.1

25.9

25.7

25.5

25.2

25.0

24.7

24.4

24.1

23.8

23.4

23.1

22.7

22.3

21.9

21.5

21.0

20.6

20.1

19.6

19.1

18.6

18.1

17.5

17.0

16.4

15.9

15.3

14.8

14.2

13.7

13.2

12.6

12.1

11.6

26.8

26.6

26.4

26.1

25.9

25.6

25.3

25.0

24.6

24.3

23.9

23.5

23.1

22.7

22.3

21.8

21.3

20.8

20.3

19.8

19.3

18.8

18.2

17.7

17.1

16.5

16.0

15.4

14.9

14.3

13.7

13.2

12.6

12.1

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

— —

—

—

— —

—

Table IV.—Temporary Life Annuities1—One Life—Expected Return Multiples—Continued

Ages

Male Female

Years

Temporary period—maximum duration of annuity

1The multiples in this table are not applicable to annuities for a term certain; for such cases, see sec. 1.72-5(c) of the Income 

Tax Regulations.

Publication 939 (December 2022) Page 25
5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

76.6

75.6

74.7

73.7

72.7

71.7

70.7

69.7

68.8

67.8

66.8

65.8

64.8

63.9

62.9

61.9

60.9

59.9

59.0

58.0

57.0

56.0

55.1

54.1

53.1

52.2

51.2

50.2

49.3

48.3

47.3

46.4

45.4

44.4

43.5

42.5

41.5

40.6

39.6

38.7

37.7

36.8

35.9

34.9

34.0

33.1

32.2

31.3

30.4

29.5

28.6

27.7

26.8

25.9

25.0

24.2

23.3

22.5

21.6

20.8

20.0

19.2

18.4

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Table V.—Ordinary Life Annuities 

One Life—Expected Return Multiples

AGE MULTIPLE AGE MULTIPLE AGE MULTIPLE

Page 26 Publication 939 (December 2022)
6 7 8 9

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

83.3

10 11 12 13 14

83.8 82.8 82.4 82.0 81.6 81.2 80.9 80.6 80.3

83.3

82.8

82.4

82.0

81.6

81.2

80.9

80.6

80.3

80.0

79.8

79.5

79.3

79.1

78.9

78.7

78.6

78.4

78.3

78.2

78.0

77.9

77.8

77.7

77.7

77.6

77.5

77.5

77.4

77.3

77.3

77.2

77.2

77.2

77.1

77.1

77.0

77.0

77.0

77.0

76.9

76.9

76.9

76.9

76.9

76.8

76.8

76.8

76.8

76.8

76.8

76.8

76.8

76.7

76.7

76.7

76.7

82.8

82.3

81.8

81.4

81.0

80.6

80.3

79.9

79.6

79.3

79.0

78.8

78.5

78.3

78.1

77.9

77.7

77.6

77.4

77.3

77.2

77.1

76.9

76.8

76.8

76.7

76.6

76.5

76.5

76.4

76.3

76.3

76.2

76.2

76.2

76.1

76.1

76.1

76.0

76.0

76.0

75.9

75.9

75.9

75.9

75.9

75.9

75.8

75.8

75.8

75.8

75.8

75.8

75.8

75.8

75.7

75.7

82.3

81.8

81.3

80.9

80.4

80.0

79.6

79.3

78.9

78.6

78.3

78.0

77.8

77.5

77.3

77.1

76.9

76.7

76.6

76.4

76.3

76.2

76.1

76.0

75.9

75.8

75.7

75.6

75.5

75.5

75.4

75.4

75.3

75.3

75.2

75.2

75.1

75.1

75.1

75.0

75.0

75.0

75.0

74.9

74.9

74.9

74.9

74.9

74.8

74.8

74.8

74.8

74.8

74.8

74.8

74.8

74.8

81.8

81.3

80.8

80.3

79.9

79.4

79.0

78.6

78.3

77.9

77.6

77.3

77.0

76.8

76.5

76.3

76.1

75.9

75.7

75.6

75.4

75.3

75.2

75.1

75.0

74.9

74.8

74.7

74.6

74.5

74.5

74.4

74.4

74.3

74.3

74.2

74.2

74.1

74.1

74.1

74.0

74.0

74.0

74.0

73.9

73.9

73.9

73.9

73.9

73.9

73.8

73.8

73.8

73.8

73.8

73.8

73.8

81.4

80.9

80.3

79.8

79.3

78.9

78.4

78.0

77.6

77.3

76.9

76.6

76.3

76.0

75.8

75.5

75.3

75.1

74.9

74.8

74.6

74.4

74.3

74.2

74.1

74.0

73.9

73.8

73.7

73.6

73.5

73.5

73.4

73.4

73.3

73.3

73.2

73.2

73.1

73.1

73.1

73.1

73.0

73.0

73.0

73.0

72.9

72.9

72.9

72.9

72.9

72.9

72.8

72.8

72.8

72.8

72.8

81.0

80.4

79.9

79.3

78.8

78.3

77.9

77.4

77.0

76.6

76.3

75.9

75.6

75.3

75.0

74.8

74.5

74.3

74.1

73.9

73.8

73.6

73.4

73.3

73.2

73.1

73.0

72.9

72.8

72.7

72.6

72.5

72.4

72.3

72.2

72.1

72.0

71.9

71.8

71.8

71.8

71.9

71.9

71.9

71.9

71.9

71.9

72.0

72.0

72.0

72.1

72.1

72.2

72.2

72.4

72.3

72.6

80.6

80.0

79.4

78.9

78.3

77.8

77.3

76.9

76.4

76.0

75.6

75.3

74.9

74.6

74.3

74.0

73.8

73.5

73.3

73.1

72.9

72.8

72.6

72.5

72.3

72.2

72.1

72.0

71.9

71.8

71.7

71.6

71.5

71.4

71.3

71.2

71.1

71.0

70.9

70.8

71.6

71.4

71.3

71.2

71.2

71.1

71.1

71.0

71.0

71.0

71.0

70.9

70.9

70.9

70.9

70.9

70.9

80.3

79.6

79.0

78.4

77.9

77.3

76.8

76.3

75.9

75.4

75.0

74.6

74.3

73.9

73.6

73.3

73.0

72.8

72.6

72.3

72.1

71.9

71.8

71.6

71.5

71.3

71.2

71.1

71.0

70.9

70.8

70.7

70.6

70.5

70.4

70.3

70.2

70.1

70.0

69.9

69.9

69.9

69.9

69.9

69.9

69.9

70.0

70.0

70.0

70.1

70.1

70.1

70.2

70.2

70.6

70.4

70.3

79.9

79.3

78.6

78.0

77.4

76.9

76.3

75.8

75.3

74.9

74.4

74.0

73.6

73.3

72.9

72.6

72.3

72.0

71.8

71.6

71.3

71.1

70.9

70.8

70.6

70.5

70.3

70.2

70.1

70.0

69.9

69.8

69.7

69.6

69.5

69.4

69.3

69.2

69.1

69.0

68.9

69.6

69.4

69.3

69.3

69.2

69.1

69.1

69.1

69.0

69.0

69.0

69.0

68.9

68.9

68.9

68.9

79.6

78.9

78.3

77.6

77.0

76.4

75.9

75.3

74.8

74.3

73.9

73.4

73.0

72.6

72.3

71.9

71.6

71.3

71.1

70.8

70.6

70.3

70.1

70.0

69.8

69.6

69.5

69.3

69.2

69.1

69.0

68.9

68.8

68.7

68.6

68.5

68.4

68.3

68.2

68.1

68.0

67.9

68.6

68.5

68.4

68.3

68.2

68.2

68.1

68.1

68.1

68.0

68.0

68.0

68.0

67.9

67.9

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 5

Publication 939 (December 2022) Page 27
6 7 8 9

75.7

10 11 12 13 14

63 74.8 73.8 72.8 71.8 70.8 69.9 68.9 67.9

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

76.7

76.7

76.6

76.7

76.7

76.7

76.7

76.7

76.7

76.7

76.7

76.7

76.7

76.7

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

76.6

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.7

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

75.6

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

74.7

73.8

73.8

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

73.7

72.8

72.8

72.8

72.8

72.8

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

72.7

71.8

71.8

71.8

71.8

71.8

71.8

71.8

71.8

71.8

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

71.7

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.8

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

70.7

69.8

69.7

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.8

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

69.7

68.9

68.9

68.9

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

68.8

67.9

67.9

67.9

67.9

67.9

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

67.8

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 5

Page 28 Publication 939 (December 2022)
16 17 18 19

73.3

20 21 22 23 24

15 73.8 72.9 72.4 72.0 71.6 71.3 70.9 70.6 70.3

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73.3

72.9

72.4

72.0

71.6

71.3

70.9

70.6

70.3

70.1

69.8

69.6

69.3

69.1

69.0

68.8

68.6

68.5

68.3

68.2

68.1

68.0

67.9

67.8

67.7

67.7

67.6

67.5

67.4

67.3

67.2

67.1

67.0

66.9

67.5

67.4

67.3

67.2

67.2

67.1

67.1

67.1

67.0

67.0

67.0

67.0

67.0

66.9

66.9

66.9

66.9

66.9

66.9

66.9

66.9

66.9

66.9

72.8

72.3

71.9

71.4

71.0

70.7

70.3

70.0

69.6

69.3

69.1

68.8

68.6

68.4

68.2

68.0

67.8

67.6

67.5

67.4

67.2

67.1

67.0

66.9

66.8

66.7

66.6

66.5

66.4

66.3

66.2

66.1

66.0

65.9

66.7

66.5

66.4

66.3

66.2

66.2

66.2

66.1

66.1

66.1

66.0

66.0

66.0

66.0

66.0

65.9

65.9

65.9

65.9

65.9

65.9

65.9

65.9

72.3

71.8

71.3

70.9

70.5

70.0

69.7

69.3

69.0

68.6

68.3

68.1

67.8

67.6

67.4

67.2

67.0

66.8

66.6

66.5

66.4

66.2

66.1

66.0

65.9

65.8

65.7

65.6

65.5

65.4

65.3

65.2

65.1

65.0

64.9

65.7

65.5

65.4

65.3

65.3

65.2

65.2

65.1

65.1

65.1

65.0

65.0

65.0

65.0

65.0

65.0

64.9

64.9

64.9

64.9

64.9

64.9

71.9

71.3

70.8

70.4

69.9

69.5

69.0

68.7

68.3

68.0

67.6

67.3

67.1

66.8

66.6

66.4

66.2

66.0

65.8

65.6

65.5

65.4

65.2

65.1

65.0

64.9

64.8

64.7

64.6

64.5

64.4

64.3

64.2

64.1

64.0

63.9

64.8

64.6

64.4

64.3

64.3

64.2

64.2

64.1

64.1

64.1

64.1

64.0

64.0

64.0

64.0

64.0

64.0

64.0

63.9

63.9

63.9

71.4

70.9

70.4

69.8

69.4

68.9

68.5

68.1

67.7

67.3

67.0

66.7

66.4

66.1

65.8

65.6

65.4

65.2

65.0

64.8

64.7

64.5

64.4

64.2

64.1

64.0

63.9

63.8

63.8

63.7

63.6

63.6

63.5

63.5

63.4

63.4

63.3

63.3

63.2

63.2

63.2

63.1

63.0

71.0

70.5

69.9

69.4

68.8

68.4

67.9

67.5

67.1

66.7

66.3

66.0

65.7

65.4

65.1

64.8

64.6

64.4

64.2

64.0

63.8

63.7

63.5

63.4

63.3

63.1

63.0

62.9

62.9

62.8

62.7

62.6

62.6

62.5

62.5

62.4

62.4

62.3

62.3

62.3

62.1

62.0

63.2

63.1

63.1

63.1

63.1

63.0

63.0

63.0

63.0

63.0

63.0

63.0

62.9

62.9

62.2

62.2

62.2

62.1

62.1

62.1

62.1

62.1

62.0

62.0

62.0

62.0

62.0

62.0

62.0

70.7

70.0

69.5

68.9

68.4

67.9

67.4

66.9

66.5

66.1

65.7

65.3

65.0

64.7

64.4

64.1

63.8

63.6

63.4

63.2

63.0

62.8

62.7

62.5

62.4

62.3

62.2

62.1

62.0

61.9

61.8

61.7

61.6

61.5

61.4

61.3

61.2

61.1

61.0

70.3

69.7

69.0

68.5

67.9

67.4

66.9

66.4

65.9

65.5

65.1

64.7

64.3

64.0

63.7

63.4

63.1

62.8

62.6

62.4

62.2

62.0

61.8

61.7

61.5

61.4

61.3

61.2

61.1

61.0

60.9

60.8

60.7

60.6

60.5

60.4

60.3

60.2

60.1

60.0

70.0

69.3

68.7

68.1

67.5

66.9

66.4

65.9

65.4

64.9

64.5

64.1

63.7

63.3

63.0

62.7

62.4

62.1

61.9

61.6

61.4

61.2

61.0

60.8

60.7

60.5

60.4

60.3

60.2

60.1

60.0

59.9

59.8

59.7

59.6

59.5

59.4

59.3

59.2

59.1

59.0

69.6

69.0

68.3

67.7

67.1

66.5

65.9

65.4

64.9

64.4

63.9

63.5

63.1

62.7

62.3

62.0

61.7

61.4

61.1

60.9

60.6

60.4

60.2

60.0

59.9

59.7

59.6

59.4

59.3

59.2

59.1

59.0

58.9

58.8

58.7

58.6

58.5

58.4

58.3

58.2

58.1

61.6

61.5

61.4

61.3

61.3

61.2

61.2

61.2

61.1

61.1

61.1

61.1

61.1

61.0

61.0

61.0

61.0

61.0

60.7

60.5

60.4

60.4

60.3

60.3

60.2

60.2

60.2

60.1

60.1

60.1

60.1

60.1

60.0

60.0

60.0

59.7

59.6

59.5

59.4

59.3

59.3

59.2

59.2

59.2

59.2

59.1

59.1

59.1

59.1

59.1

59.1

58.8

58.6

58.5

58.4

58.4

58.3

58.3

58.2

58.2

58.2

58.2

58.1

58.1

58.1

58.1

58.1

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 15

Publication 939 (December 2022) Page 29
16 17 18 19 20 21 22 23 24

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

66.8 65.9 64.9 63.9 62.9 62.0 61.0 60.0 59.0 58.1

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

66.8

65.9

65.9

65.9

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

65.8

64.9

64.9

64.9

64.9

64.9

64.9

64.9

64.9

64.9

64.9

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

64.8

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

63.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.9

62.0

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.9

61.0

61.0

61.0

61.0

61.0

61.0

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

60.9

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

59.0

58.1

58.1

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

58.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

60.0

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

59.9

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 15

Page 30 Publication 939 (December 2022)
26 27 28 29

63.4

30 31 32 33 34

25 63.9 62.9 62.5 62.1 61.7 61.3 61.0 60.7 60.4

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

63.4

62.9

62.5

62.1

61.7

61.3

61.0

60.7

60.4

60.1

59.9

59.6

59.4

59.2

59.0

58.9

58.7

58.6

58.4

58.3

58.2

58.1

58.0

57.9

57.8

57.7

57.6

57.5

57.4

57.3

57.2

57.1

57.0

62.9

62.4

61.9

61.5

61.1

60.7

60.4

60.0

59.7

59.4

59.1

58.9

58.6

58.4

58.2

58.0

57.9

57.7

57.6

57.4

57.3

57.2

57.1

57.0

56.9

56.8

56.7

56.6

56.5

56.4

56.3

56.2

56.1

62.4

61.9

61.4

60.9

60.5

60.1

59.7

59.4

59.0

58.7

58.4

58.1

57.9

57.7

57.4

57.2

57.1

56.9

56.7

56.6

56.5

56.3

56.2

56.1

56.0

55.9

55.8

55.7

55.6

55.5

55.4

55.3

55.2

55.1

61.9

61.4

60.9

60.4

60.0

59.5

59.1

58.7

58.4

58.0

57.7

57.4

57.1

56.9

56.7

56.4

56.2

56.1

55.9

55.7

55.6

55.5

55.3

55.2

55.1

55.0

54.9

54.8

54.7

54.6

54.5

54.4

54.3

54.2

54.1

57.8

57.6

57.5

57.4

57.4

57.3

57.3

57.3

57.2

57.2

57.2

57.2

57.1

57.1

57.1

57.1

57.1

57.1

57.1

57.1

57.1

57.1

57.1

57.0

56.9

56.7

56.5

56.5

56.4

56.4

56.3

56.3

56.3

56.2

56.2

56.2

56.2

56.2

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

55.9

55.7

55.6

55.5

55.4

55.4

55.3

55.3

55.3

55.3

55.2

55.2

55.2

55.2

55.2

55.2

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.0

54.7

54.6

54.5

54.5

54.4

54.4

54.3

54.3

54.3

54.3

54.2

54.2

54.2

54.2

54.2

54.2

54.2

54.2

54.1

54.1

54.1

61.5

60.9

60.4

59.9

59.4

59.0

58.5

58.1

57.7

57.4

57.0

56.7

56.4

56.2

55.9

55.7

55.5

55.3

55.1

54.9

54.8

54.6

54.5

54.4

54.2

54.1

54.1

54.0

53.9

53.8

53.8

53.7

53.6

53.6

53.6

53.5

53.5

53.4

53.4

53.4

53.4

53.3

53.2

53.3

53.3

53.3

53.3

53.2

53.2

53.2

53.2

53.2

53.2

53.2

53.2

53.2

53.2

61.1

60.5

60.0

59.4

58.9

58.4

58.0

57.5

57.1

56.7

56.4

56.0

55.7

55.4

55.2

54.9

54.7

54.5

54.3

54.1

53.9

53.8

53.6

53.5

53.4

53.3

53.2

53.1

53.0

52.9

52.8

52.8

52.7

52.7

52.6

52.6

52.5

52.5

52.5

52.4

52.4

52.4

52.4

52.3

52.2

52.3

52.3

52.3

52.3

52.3

52.2

52.2

52.2

52.2

52.2

52.2

52.2

60.7

60.1

59.5

59.0

58.4

57.9

57.4

57.0

56.5

56.1

55.8

55.4

55.1

54.7

54.5

54.2

53.9

53.7

53.5

53.3

53.1

52.9

52.8

52.6

52.5

52.4

52.3

52.2

52.1

52.0

51.9

51.9

51.8

51.7

51.7

51.6

51.6

51.6

51.5

51.5

51.5

51.4

51.4

51.4

51.4

51.3

51.3

51.3

51.3

51.3

51.3

51.3

51.3

51.2

60.4

59.7

59.1

58.5

58.0

57.4

56.9

56.4

56.0

55.6

55.1

54.8

54.4

54.1

53.8

53.5

53.2

52.9

52.7

52.5

52.3

52.1

51.9

51.8

51.7

51.5

51.4

51.3

51.2

51.1

51.0

50.9

50.9

50.8

50.8

50.7

50.7

50.6

50.6

50.5

50.5

50.5

50.4

50.4

50.4

50.4

50.4

50.3

51.2

51.2

51.2

50.3

50.3

50.3

50.3

50.3

50.3

50.3

50.3

50.3

60.0

59.4

58.7

58.1

57.5

57.0

56.4

55.9

55.5

55.0

54.6

54.2

53.8

53.4

53.1

52.8

52.5

52.2

52.0

51.7

51.5

51.3

51.1

51.0

50.8

50.7

50.5

50.4

50.3

50.2

50.1

50.0

50.0

49.9

49.8

49.8

49.7

49.7

49.6

49.6

49.6

49.5

49.5

49.5

49.4

49.4

49.4

49.4

49.4

49.4

49.3

59.7

59.0

58.4

57.7

57.1

56.5

56.0

55.5

54.9

54.5

54.0

53.6

53.2

52.8

52.4

52.1

51.8

51.5

51.2

51.0

50.7

50.5

50.3

50.1

50.0

49.8

49.7

49.6

49.4

49.3

49.2

49.1

49.1

49.0

48.9

48.9

48.8

48.7

48.7

48.7

48.6

48.6

48.6

48.5

48.5

48.5

48.5

48.4

48.4

48.4

48.4

48.4

48.4

48.4

48.3

48.3

48.3

49.3

49.3

49.3

49.3

49.3

49.3

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 25

Publication 939 (December 2022) Page 31
26 27 28 29 30 31 32 33 34

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

57.0 56.1 55.1 54.1 53.2 52.2 51.2 50.3 49.3 48.3

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

57.0

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.1

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

56.0

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

55.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

54.1

53.2

53.2

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

53.1

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

52.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

51.2

50.3

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

50.2

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

49.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

48.3

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 25

Page 32 Publication 939 (December 2022)
36 37 38 39

53.5

40 41 42 43 44

35 54.0 53.0 52.6 52.2 51.8 51.4 51.1 50.8 50.5

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

53.5

53.0

52.6

52.2

51.8

51.4

51.1

50.8

50.5

50.2

50.0

49.7

49.5

49.3

49.2

49.0

48.8

48.7

48.6

48.5

48.3

48.3

48.2

48.1

48.0

47.9

47.9

47.8

47.8

47.7

47.7

47.6

47.6

47.6

47.5

47.5

47.5

47.5

47.5

47.4

47.4

47.4

47.4

47.4

47.4

47.4

47.4

47.4

47.4

47.4

47.3

47.3

47.3

47.3

47.3

47.3

47.3

53.0

52.5

52.0

51.6

51.2

50.8

50.4

50.1

49.8

49.5

49.2

49.0

48.8

48.5

48.4

48.2

48.0

47.9

47.7

47.6

47.5

47.4

47.3

47.2

47.1

47.0

47.0

46.9

46.8

46.8

46.7

46.7

46.7

46.6

46.6

46.6

46.6

46.5

46.4

46.5

46.5

46.5

46.5

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

46.4

52.5

52.0

51.5

51.0

50.6

50.2

49.8

49.5

49.1

48.8

48.5

48.3

48.0

47.8

47.6

47.4

47.2

47.0

46.9

46.7

46.6

46.5

46.4

46.3

46.2

46.1

46.0

46.0

45.9

45.9

45.8

45.8

45.7

45.7

45.7

45.6

45.6

45.6

45.6

45.5

45.4

45.5

45.5

45.5

45.5

45.5

45.5

45.4

45.4

45.4

45.4

45.4

45.4

45.4

45.4

45.4

45.4

52.0

51.5

51.0

50.5

50.0

49.6

49.2

48.8

48.5

48.1

47.8

47.5

47.3

47.0

46.8

46.6

46.4

46.2

46.0

45.9

45.8

45.6

45.5

45.4

45.3

45.2

45.1

45.1

45.0

44.9

44.9

44.8

44.8

44.8

44.7

44.7

44.7

44.6

44.6

44.6

44.6

44.6

44.5

44.5

44.4

44.4

44.4

44.4

44.5

44.5

44.5

44.5

44.5

44.5

44.5

44.5

44.5

51.6

51.0

50.5

50.0

49.5

49.1

48.6

48.2

47.8

47.5

47.2

46.8

46.6

46.3

46.0

45.8

45.6

45.4

45.2

45.1

44.9

44.8

44.7

44.5

44.4

44.3

44.2

44.2

44.1

44.0

44.0

43.9

43.9

43.8

43.8

43.8

43.7

43.7

43.7

43.6

43.5

43.6

43.6

43.6

43.6

43.6

43.5

43.5

43.5

43.5

43.5

43.5

43.5

43.5

43.5

43.5

43.5

51.2

50.6

50.0

49.5

49.0

48.5

48.1

47.6

47.2

46.9

46.5

46.2

45.9

45.6

45.3

45.1

44.8

44.6

44.4

44.2

44.1

43.9

43.8

43.7

43.6

43.5

43.4

43.3

43.2

43.1

43.1

43.0

42.9

42.9

42.9

42.8

42.8

42.8

42.7

42.7

42.7

42.7

42.6

42.5

42.6

42.6

42.6

42.6

42.6

42.6

42.6

42.5

42.5

42.5

42.5

42.5

42.5

50.8

50.2

49.6

49.1

48.5

48.0

47.5

47.1

46.7

46.3

45.9

45.5

45.2

44.9

44.6

44.3

44.1

43.9

43.6

43.4

43.3

43.1

43.0

42.8

42.7

42.6

42.5

42.4

42.3

42.2

42.2

42.1

42.0

42.0

41.9

41.9

41.9

41.8

41.8

41.8

41.7

41.6

41.7

41.7

41.7

41.7

41.6

41.6

41.6

41.6

41.6

41.6

41.6

41.6

41.6

41.6

41.6

50.4

49.8

49.2

48.6

48.1

47.5

47.0

46.6

46.1

45.7

45.3

44.9

44.5

44.2

43.9

43.6

43.3

43.1

42.9

42.7

42.5

42.3

42.1

42.0

41.9

41.7

41.6

41.5

41.4

41.3

41.3

41.2

41.1

41.1

41.0

41.0

40.9

40.9

40.9

40.8

40.8

40.8

40.7

40.6

50.1

49.5

48.8

48.2

47.6

47.1

46.6

46.0

45.6

45.1

44.7

44.3

43.9

43.6

43.2

42.9

42.6

42.4

42.1

41.9

41.7

41.5

41.3

41.2

41.0

40.9

40.8

40.6

40.5

40.4

40.4

40.3

40.2

40.2

40.1

40.1

40.0

40.0

39.9

39.9

39.9

39.8

39.7

49.8

49.1

48.5

47.8

47.2

46.7

46.1

45.6

45.1

44.6

44.1

43.7

43.3

42.9

42.6

42.2

41.9

41.7

41.4

41.2

40.9

40.7

40.5

40.4

40.2

40.0

39.9

39.8

39.7

39.6

39.5

39.4

39.3

39.3

39.2

39.1

39.1

39.0

39.0

39.0

38.9

38.9

38.9

38.9

38.8

38.7

40.7

40.7

40.7

40.7

40.7

40.7

40.7

40.6

40.6

40.6

40.6

40.6

40.6

39.8

39.8

39.8

39.8

39.7

39.7

39.7

39.7

39.7

39.7

39.7

39.7

39.7

39.7

38.8

38.8

38.8

38.8

38.8

38.8

38.7

38.7

38.7

38.7

38.7

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 35

Publication 939 (December 2022) Page 33
36 37 38 39 40 41 42 43 44

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

47.3 46.4 45.4 44.4 43.5 42.5 41.6 40.6 39.7 38.7

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

47.3

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

46.4 45.4 44.4 43.5 42.5

41.5

41.6

41.6

41.6

41.6

41.6

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

41.5

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

40.6

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

38.7

39.7

39.7

39.7

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

39.6

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 35

Page 34 Publication 939 (December 2022)
46 47 48 49

43.6

50 51 52 53 54

45 44.1 43.2 42.7 42.3 42.0 41.6 41.3 41.0 40.7

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

43.6

43.2

42.7

42.3

42.0

41.6

41.3

41.0

40.7

40.4

40.2

40.0

39.7

39.6

39.4

39.2

39.1

38.9

38.8

38.7

38.6

38.5

38.4

38.4

38.3

38.2

38.2

38.1

38.1

38.1

38.0

38.0

38.0

37.9

37.9

37.9

37.9

37.9

37.8

43.1

42.6

42.2

41.8

41.4

41.0

40.6

40.3

40.0

39.7

39.5

39.2

39.0

38.8

38.6

38.4

38.3

38.1

38.0

37.9

37.8

37.7

37.6

37.5

37.4

37.3

37.3

37.2

37.2

37.1

37.1

37.1

37.0

37.0

37.0

37.0

36.9

36.9

36.9

36.9

36.9

36.9

36.9

36.9

36.9

36.8

42.6

42.1

41.7

41.2

40.8

40.4

40.0

39.7

39.3

39.0

38.7

38.5

38.2

38.0

37.8

37.6

37.5

37.3

37.2

37.0

36.9

36.8

36.7

36.6

36.5

36.5

36.4

36.3

36.3

36.2

36.2

36.2

36.1

36.1

36.1

36.0

36.0

36.0

36.0

36.0

36.0

35.9

42.2

41.7

41.2

40.7

40.2

39.8

39.4

39.0

38.7

38.4

38.1

37.8

37.5

37.3

37.1

36.9

36.7

36.5

36.3

36.2

36.1

36.0

35.8

35.7

35.7

35.6

35.5

35.4

35.4

35.3

35.3

35.3

35.2

35.2

35.2

35.1

35.1

35.1

35.1

35.1

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

35.0

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

37.8

36.8

36.8

36.8

36.8

36.8

36.8

36.8

36.8

36.8

36.8

36.8

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.9

35.0

35.0

35.0

35.0

35.0

35.0

41.8

41.2

40.7

40.2

39.7

39.3

38.8

38.4

38.1

37.7

37.4

37.1

36.8

36.6

36.3

36.1

35.9

35.7

35.5

35.4

35.2

35.1

35.0

34.9

34.8

34.7

34.6

34.6

34.5

34.5

34.4

34.4

34.3

34.3

34.2

34.2

34.2

34.2

34.2

34.1

34.1

34.1

34.1

34.1

34.1

34.1

34.1

34.1

34.1

34.0

41.4

40.8

40.2

39.7

39.2

38.7

38.3

37.9

37.5

37.1

36.8

36.4

36.1

35.9

35.6

35.4

35.1

34.9

34.8

34.6

34.4

34.3

34.2

34.1

34.0

33.9

33.8

33.7

33.6

33.6

33.5

33.5

33.4

33.4

33.4

33.3

33.3

33.3

33.2

33.2

33.2

33.2

33.2

33.2

33.2

33.2

33.2

33.1

41.0

40.4

39.8

39.3

38.7

38.2

37.8

37.3

36.9

36.5

36.1

35.8

35.5

35.2

34.9

34.6

34.4

34.2

34.0

33.8

33.6

33.5

33.4

33.2

33.1

33.0

32.9

32.8

32.8

32.7

32.6

32.6

32.5

32.5

32.5

32.4

32.4

32.4

32.3

32.3

32.3

32.3

32.3

32.3

32.3

32.2

40.6

40.0

39.4

38.8

38.3

37.8

37.3

36.8

36.4

35.9

35.6

35.2

34.8

34.5

34.2

33.9

33.7

33.5

33.2

33.0

32.9

32.7

32.5

32.4

32.3

32.2

32.1

32.0

31.9

31.8

31.8

31.7

31.7

31.6

31.6

31.5

31.5

31.5

31.4

31.4

31.4

31.4

31.4

31.4

31.3

40.3

39.7

39.0

38.4

37.9

37.3

36.8

36.3

35.8

35.4

35.0

34.6

34.2

33.9

33.6

33.3

33.0

32.7

32.5

32.3

32.1

31.9

31.8

31.6

31.5

31.4

31.2

31.1

31.1

31.0

30.9

30.8

30.8

30.7

30.7

30.7

30.6

30.6

30.6

30.5

30.5

30.5

30.5

30.5

30.5

30.4

40.0

39.3

38.7

38.1

37.5

36.9

36.4

35.8

35.3

34.9

34.4

34.0

33.6

33.3

32.9

32.6

32.3

32.0

31.8

31.6

31.4

31.2

31.0

30.8

30.7

30.5

30.4

30.3

30.2

30.1

30.1

30.0

29.9

29.9

29.8

29.8

29.7

29.7

29.7

29.6

29.6

29.6

29.6

29.6

29.6

29.5

34.0

34.0

34.0

34.0

34.0

34.0

34.0

33.1

33.1

33.1

33.1

33.1

33.1

33.1

33.1

33.1

32.2

32.2

32.2

32.2

32.2

32.2

32.2

32.2

32.2

32.2

32.2

31.3

31.3

31.3

31.3

31.3

31.3

31.3

31.3

31.3

31.3

31.3

31.3

30.4

30.4

30.4

30.4

30.4

30.4

30.4

30.4

30.4

30.4

30.4

29.5

29.5

29.5

29.5

29.5

29.5

29.5

29.5

29.5

29.5

29.5

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 45

Publication 939 (December 2022) Page 35
46 47 48 49 50 51 52 53 54

103

104

105

106

107

108

109

110

111

112

113

114

115

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

37.7 36.8 35.9 34.9 34.0 33.1 32.2 31.3 30.4 29.5

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 45

Page 36 Publication 939 (December 2022)
56 57 58 59

33.9

60 61 62 63 64

55 34.4 33.5 33.1 32.7 32.3 32.0 31.7 31.4 31.1

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

33.9

33.5

33.1

32.7

32.3

32.0

31.7

31.4

31.1

30.9

30.6

30.4

30.2

30.1

29.9

29.7

29.6

29.5

29.4

29.3

29.2

29.1

29.1

29.0

29.0

28.9

28.9

28.8

28.8

28.8

28.7

28.7

28.7

28.7

28.7

28.7

28.6

33.4

33.0

32.5

32.1

31.7

31.4

31.0

30.7

30.4

30.2

29.9

29.7

29.5

29.3

29.1

29.0

28.8

28.7

28.6

28.5

28.4

28.3

28.2

28.2

28.1

28.1

28.0

28.0

27.9

27.9

27.9

27.8

27.8

27.8

27.8

27.8

27.8

27.8

27.7

33.0

32.5

32.0

31.6

31.2

30.8

30.4

30.1

29.8

29.5

29.2

29.0

28.8

28.6

28.4

28.2

28.1

27.9

27.8

27.7

27.6

27.5

27.4

27.3

27.3

27.2

27.2

27.1

27.1

27.0

27.0

27.0

27.0

26.9

26.9

26.9

26.9

26.9

26.9

26.9

26.9

26.8

32.5

32.0

31.5

31.1

30.6

30.2

29.9

29.5

29.2

28.9

28.6

28.3

28.1

27.8

27.6

27.5

27.3

27.1

27.0

26.9

26.8

26.7

26.6

26.5

26.4

26.4

26.3

26.3

26.2

26.2

26.1

26.1

26.1

26.1

26.1

26.0

26.0

26.0

26.0

26.0

26.0

26.0

26.0

26.0

26.0

25.9

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

28.6

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

27.7

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

25.9

25.9

25.9

25.9

25.9

25.9

25.9

25.9

25.9

25.9

25.9

32.1

31.6

31.1

30.6

30.1

29.7

29.3

28.9

28.6

28.2

27.9

27.6

27.4

27.1

26.9

26.7

26.5

26.4

26.2

26.1

26.0

25.9

25.8

25.7

25.6

25.5

25.5

25.4

25.4

25.3

25.3

25.3

25.2

25.2

25.2

25.2

25.2

25.1

25.1

25.0

31.7

31.2

30.6

30.1

29.7

29.2

28.8

28.4

28.0

27.6

27.3

27.0

26.7

26.5

26.2

26.0

25.8

25.6

25.5

25.3

25.2

25.1

25.0

24.9

24.8

24.7

24.6

24.6

24.5

24.5

24.5

24.4

24.4

24.4

24.3

24.3

24.3

24.3

24.3

24.3

24.2

31.4

30.8

30.2

29.7

29.2

28.7

28.3

27.8

27.4

27.1

26.7

26.4

26.1

25.8

25.6

25.3

25.1

24.9

24.7

24.6

24.4

24.3

24.2

24.1

24.0

23.9

23.8

23.8

23.7

23.7

23.6

23.6

23.5

23.5

23.5

23.5

23.5

23.4

23.4

23.4

23.4

23.4

23.4

23.4

23.4

23.4

23.3

31.0

30.4

29.9

29.3

28.8

28.3

27.8

27.3

26.9

26.5

26.1

25.8

25.5

25.2

24.9

24.7

24.4

24.2

24.0

23.8

23.7

23.6

23.4

23.3

23.2

23.1

23.0

23.0

22.9

22.8

22.8

22.8

22.7

22.7

22.7

22.6

22.6

22.6

22.6

22.6

22.6

22.5

22.5

22.5

22.5

22.5

22.5

22.5

22.5

22.5

30.7

30.1

29.5

28.9

28.4

27.8

27.3

26.9

26.4

26.0

25.6

25.2

24.9

24.6

24.3

24.0

23.8

23.5

23.3

23.1

23.0

22.8

22.7

22.6

22.4

22.3

22.3

22.2

22.1

22.0

22.0

21.9

21.9

21.9

21.8

21.8

21.8

21.8

21.7

21.7

21.7

21.7

21.7

21.7

21.7

21.7

21.7

21.7

21.6

30.4

29.8

29.2

28.6

28.0

27.4

26.9

26.4

25.9

25.5

25.1

24.7

24.3

24.0

23.7

23.4

23.1

22.9

22.7

22.4

22.3

22.1

21.9

21.8

21.7

21.6

21.5

21.4

21.3

21.3

21.2

21.1

21.1

21.1

21.0

21.0

21.0

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.8

25.0

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

25.1

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

24.2

23.3

23.3

23.3

23.3

23.3

23.3

23.3

23.3

23.3

23.3

22.5

22.5

22.5

22.5

22.5

22.5

22.5

21.6

21.6

21.6

21.6

21.6

21.6

21.6

21.6

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 55

Publication 939 (December 2022) Page 37
56 57 58 59 60 61 62 63 64

113

114

115

28.6 27.7 26.8 25.9 25.0 24.2 23.3 22.5 21.8 20.8

28.6 27.7 26.8 25.9 25.0 24.2 23.3 22.5 21.8 20.8

28.6 27.7 26.8 25.9 25.0 24.2 23.3 22.5 21.8 20.8

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 55

Page 38 Publication 939 (December 2022)
66 67 68 69

24.6

70 71 72 73 74

65 25.0 24.2 23.8 23.4 23.1 22.8 22.5 22.2 22.0

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

24.6

24.2

23.8

23.4

23.1

22.8

22.5

22.2

22.0

21.8

21.6

21.4

21.2

21.1

21.0

20.8

20.7

20.6

20.5

20.5

20.4

20.4

20.3

20.3

20.2

20.2

20.2

20.1

20.1

20.1

20.1

20.1

20.1

20.0

24.1

23.7

23.3

22.9

22.5

22.2

21.9

21.6

21.4

21.1

20.9

20.7

20.5

20.4

20.2

20.1

20.0

19.9

19.8

19.7

19.6

19.6

19.5

19.5

19.4

19.4

19.4

19.3

19.3

19.3

19.3

19.3

19.3

19.2

19.2

19.2

23.7

23.2

22.8

22.4

22.0

21.7

21.3

21.0

20.8

20.5

20.3

20.1

19.9

19.7

19.5

19.4

19.3

19.2

19.1

19.0

18.9

18.8

18.8

18.7

18.7

18.6

18.6

18.6

18.5

18.5

18.5

18.5

18.5

18.5

18.4

23.3

22.8

22.3

21.9

21.5

21.2

20.8

20.5

20.2

19.9

19.7

19.4

19.2

19.0

18.9

18.7

18.6

18.5

18.4

18.3

18.2

18.1

18.0

18.0

17.9

17.9

17.8

17.8

17.8

17.8

17.7

17.7

17.7

17.7

17.7

17.7

17.6

22.9

22.4

21.9

21.5

21.1

20.7

20.3

20.0

19.6

19.3

19.1

18.8

18.6

18.4

18.2

18.1

17.9

17.8

17.7

17.6

17.5

17.4

17.3

17.2

17.2

17.1

17.1

17.1

17.0

17.0

17.0

17.0

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.8

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

20.0

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

19.2

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

18.4

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

17.6

16.8

16.8

16.8

16.8

16.8

16.8

16.8

16.8

16.8

16.8

22.5

22.0

21.5

21.1

20.6

20.2

19.8

19.4

19.1

18.8

18.5

18.3

18.0

17.8

17.6

17.4

17.3

17.1

17.0

16.9

16.8

16.7

16.6

16.5

16.5

16.4

16.4

16.3

16.3

16.3

16.2

16.2

16.2

16.2

16.2

16.1

16.1

16.1

16.1

16.1

16.1

16.1

16.1

16.1

16.1

16.0

16.0

16.0

16.0

16.0

22.2

21.7

21.2

20.7

20.2

19.8

19.4

19.0

18.6

18.3

18.0

17.7

17.5

17.2

17.0

16.8

16.6

16.5

16.3

16.2

16.1

16.0

15.9

15.8

15.8

15.7

15.7

15.6

15.6

15.6

15.5

15.5

15.5

15.5

15.4

15.4

15.4

15.4

15.4

15.4

15.3

15.3

15.3

15.3

15.3

15.3

15.3

15.3

15.3

15.3

21.9

21.3

20.8

20.3

19.8

19.4

18.9

18.5

18.2

17.8

17.5

17.2

16.9

16.7

16.4

16.2

16.0

15.9

15.7

15.6

15.5

15.4

15.3

15.2

15.1

15.0

15.0

14.9

14.9

14.9

14.8

14.8

14.8

14.7

14.7

14.7

14.7

14.7

14.7

14.6

14.6

14.6

14.6

21.6

21.0

20.5

20.0

19.4

19.0

18.5

18.1

17.7

17.3

17.0

16.7

16.4

16.1

15.9

15.7

15.5

15.3

15.1

15.0

14.8

14.7

14.6

14.5

14.5

14.4

14.3

14.3

14.2

14.2

14.2

14.1

14.1

14.1

14.0

14.0

14.0

14.0

14.0

13.9

21.4

20.8

20.2

19.6

19.1

18.6

18.2

17.7

17.3

16.9

16.5

16.2

15.9

15.6

15.4

15.1

14.9

14.7

14.5

14.4

14.2

14.1

14.0

13.9

13.8

13.7

13.7

13.6

13.6

13.5

13.5

13.5

13.4

13.4

13.4

13.3

13.3

13.3

13.3

13.3

13.3

13.2

14.6

14.6

14.6

14.6

14.6

14.6

14.6

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.2

13.2

13.2

13.2

13.2

13.2

13.2

13.2

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 65

Publication 939 (December 2022) Page 39
76 77 78 79

16.1

80 81 82 83 84

75 16.5 15.8 15.4 15.1 14.9 14.6 14.4 14.2 14.0

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

16.1

15.8

15.4

15.1

14.9

14.6

14.4

14.2

14.0

13.8

13.7

13.5

13.4

13.3

13.2

13.1

13.1

13.0

12.9

12.9

12.9

12.8

12.8

12.7

12.7

12.7

12.7

12.6

12.6

12.6

12.6

12.6

12.6

12.6

12.6

12.5

15.7

15.4

15.0

14.7

14.4

14.1

13.9

13.7

13.5

13.3

13.1

13.0

12.8

12.7

12.6

12.5

12.5

12.4

12.3

12.3

12.2

12.2

12.2

12.1

12.1

12.1

12.0

12.0

12.0

12.0

11.9

15.4

15.0

14.6

14.3

14.0

13.7

13.4

13.2

13.0

12.8

12.6

12.4

12.3

12.2

12.1

12.0

11.9

11.8

11.7

11.7

11.6

11.6

11.5

11.5

11.5

11.4

11.4

11.4

11.4

11.3

11.3

11.3

11.3

11.3

11.3

11.3

11.3

11.2

15.0

14.6

14.2

13.9

13.5

13.2

13.0

12.7

12.5

12.3

12.1

11.9

11.8

11.6

11.5

11.4

11.3

11.3

11.2

11.1

11.1

11.0

11.0

10.9

10.9

10.8

10.8

10.8

10.8

10.7

10.7

10.7

10.7

10.7

10.7

10.7

10.6

14.7

14.3

13.9

13.5

13.2

12.8

12.5

12.3

12.0

11.8

11.6

11.4

11.3

11.1

11.0

10.9

10.8

10.7

10.6

10.6

10.5

10.5

10.4

10.4

10.3

10.3

10.2

10.2

10.2

10.2

10.1

10.1

10.1

10.1

10.1

10.1

10.1

10.0

14.4

14.0

13.5

13.2

12.8

12.5

12.2

11.9

11.6

11.4

11.2

11.0

10.8

10.7

10.5

10.4

10.3

10.2

10.1

10.1

10.0

9.9

9.9

9.8

9.8

9.7

9.7

9.7

9.6

9.6

9.6

9.6

9.5

14.1

13.7

13.2

12.8

12.5

12.1

11.8

11.5

11.2

11.0

10.8

10.6

10.4

10.2

10.1

9.9

9.8

9.7

9.6

9.6

9.5

9.4

9.4

9.3

9.2

9.2

9.2

9.1

9.1

9.1

9.0

9.0

9.0

9.0

9.0

8.9

13.9

13.4

13.0

12.5

12.2

11.8

11.5

11.1

10.9

10.6

10.4

10.1

10.0

9.8

9.6

9.5

9.4

9.3

9.2

9.1

9.0

8.9

8.9

8.8

8.7

8.7

8.7

8.6

8.6

8.5

8.5

8.5

8.5

8.4

13.7

13.2

12.7

12.3

11.9

11.5

11.1

10.8

10.5

10.2

10.0

9.8

9.6

9.4

9.2

9.1

8.9

8.8

8.7

8.6

8.5

8.5

8.4

8.3

8.3

8.2

8.2

8.1

8.1

8.0

8.0

8.0

8.0

7.9

13.5

13.0

12.5

12.0

11.6

11.2

10.9

10.5

10.2

9.9

9.7

9.4

9.2

9.0

8.8

8.7

8.5

8.4

8.3

8.2

8.1

8.0

8.0

7.9

7.8

7.8

7.7

7.7

7.6

7.6

7.5

7.5

7.5

7.5

7.4

12.5

12.5

12.5

12.5

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.2

11.2

10.6

10.6

10.6 10.0

10.0

9.5

9.5

9.5

9.5

9.5

9.5

9.5

8.9

8.9

8.9

8.9

7.4

7.4

7.4

7.4

7.4

7.9

7.9

7.9

7.9

8.4

8.4

8.4

8.4

8.4

8.4

7.9

7.9

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 75

Page 40 Publication 939 (December 2022)
86 87 88 89

9.3

90 91 92 93 94

85 9.6 9.1 8.9 8.7 8.5 8.3 8.2 8.0 7.9

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

9.3

9.1

8.9

8.7

8.5

8.3

8.2

8.0

7.9

7.8

7.7

7.6

7.6

7.5

7.4

7.3

7.3

7.2

7.2

7.1

7.1

7.1

7.0

7.0

7.0

7.0

7.0

6.9

6.9

6.9

9.1

8.8

8.6

8.3

8.2

8.0

7.8

7.7

7.6

7.5

7.3

7.3

7.2

7.1

7.0

6.9

6.9

6.8

6.8

6.7

6.7

6.6

6.6

6.6

6.6

6.5

8.8

8.5

8.3

8.1

7.9

7.7

7.5

7.4

7.2

7.1

7.0

6.9

6.8

6.7

6.6

6.6

6.5

6.4

6.4

6.3

6.3

6.2

6.2

6.2

6.2

6.1

8.6

8.3

8.0

7.8

7.6

7.4

7.2

7.1

6.9

6.8

6.7

6.6

6.5

6.4

6.3

6.2

6.2

6.1

6.0

6.0

5.9

5.9

5.8

5.8

5.8

5.7

8.3

8.1

7.8

7.5

7.3

7.1

6.9

6.8

6.6

6.5

6.4

6.3

6.2

6.1

6.0

5.9

5.8

5.8

5.7

5.6

5.6

5.5

5.5

5.5

5.4

5.4

5.4

5.4

5.3

5.3

8.2

7.9

7.6

7.3

7.1

6.9

6.7

6.5

6.4

6.3

6.1

6.0

5.9

5.8

5.7

5.6

5.5

5.5

5.4

5.3

5.3

5.2

5.2

5.1

5.1

5.1

5.0

5.0

8.0

7.7

7.4

7.1

6.9

6.7

6.5

6.3

6.2

6.0

5.9

5.8

5.6

5.5

5.4

5.3

5.3

5.2

5.1

5.0

5.0

4.9

4.9

4.8

4.8

4.8

4.7

7.8

7.5

7.2

6.9

6.7

6.5

6.3

6.1

5.9

5.8

5.7

5.5

5.4

5.3

5.2

5.1

5.0

4.9

4.8

4.8

4.7

4.6

4.6

4.5

4.5

4.5

4.4

7.7

7.4

7.1

6.8

6.5

6.3

6.1

5.9

5.8

5.6

5.5

5.3

5.2

5.1

5.0

4.9

4.8

4.7

4.6

4.5

4.5

4.4

4.3

4.3

4.3

4.2

4.2

4.2

4.1

4.1

7.6

7.2

6.9

6.6

6.4

6.2

5.9

5.8

5.6

5.4

5.3

5.1

5.0

4.9

4.8

4.7

4.6

4.5

4.4

4.3

4.2

4.2

4.1

4.1

4.0

4.0

6.5 6.1 5.7 3.9

5.7

5.7

5.7

6.5

6.5

6.5

6.5 6.1

6.1

6.5 6.1

6.1

5.0

5.0

4.7

4.7

4.7

4.4

4.4

3.9

3.9

4.4 3.9

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 85

Publication 939 (December 2022) Page 41
96 97 98 99

5.1

100 101 102 103 104

95 5.3 5.0 4.8 4.7 4.6 4.5 4.4 4.3 4.2

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

5.1

5.0

4.8

4.7

4.6

4.5

4.4

4.3

4.2

4.1

4.0

4.0

3.9

3.8

3.8

3.8

3.7

5.0

4.8

4.7

4.5

4.4

4.3

4.2

4.1

4.0

3.9

3.8

3.8

3.7

3.6

3.6

3.5

3.5

3.5

3.5

3.4

4.8

4.7

4.5

4.4

4.3

4.1

4.0

3.9

3.8

3.7

3.6

3.6

3.5

3.4

3.4

3.3

3.3

3.3

3.3

3.2

4.7

4.5

4.4

4.2

4.1

4.0

3.9

3.8

3.7

3.6

3.5

3.4

3.3

3.3

3.2

3.2

3.1

3.1

3.1

3.0

4.5

4.4

4.2

4.1

4.0

3.8

3.7

3.6

3.5

3.4

3.3

3.2

3.1

3.1

3.0

3.0

2.9

2.9

2.9

2.8

4.4

4.3

4.1

4.0

3.8

3.7

3.6

3.5

3.3

3.2

3.1

3.1

3.0

2.9

2.8

2.8

2.8

2.7

2.7

2.7

4.3

4.1

4.0

3.8

3.7

3.6

3.4

3.3

3.2

3.1

3.0

2.9

2.8

2.7

2.7

2.6

2.6

2.5

2.5

2.5

4.2

4.0

3.9

3.7

3.6

3.4

3.3

3.2

3.1

2.9

2.8

2.7

2.7

2.6

2.5

2.4

2.4

2.4

2.3

4.1

3.9

3.8

3.6

3.5

3.3

3.2

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.3

2.2

2.2

2.1

4.0

3.8

3.7

3.5

3.3

3.2

3.1

2.9

2.8

2.7

2.5

2.4

2.3

2.3

2.2

2.1

2.1

2.0

2.0

1.9

3.7

3.7

3.7 2.3 2.1

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 95

Page 42 Publication 939 (December 2022)
106 107 108 109

2.4

110 111 112 113 114

105 2.5 2.3 2.2 2.1 2.0 2.0 1.9 1.8 1.8

106

107

108

109

110

111

112

113

114

115

115

1.8

2.4

2.3

2.2

2.1

2.0

2.0

1.9

1.8

1.8

1.8

2.3

2.2

2.1

2.0

1.9

1.8

1.7

1.7

1.6

1.6

2.2

2.1

1.9

1.8

1.7

1.7

1.6

1.5

1.5

1.4

2.1

1.9

1.8

1.7

1.6

1.5

1.5

1.4

1.3

1.3

2.0

1.8

1.7

1.6

1.5

1.4

1.3

1.3

1.2

1.1

1.9

1.7

1.6

1.5

1.4

1.3

1.2

1.1

1.1

1.0

1.8

1.7

1.5

1.4

1.3

1.2

1.1

1.0

.9

.9

1.7

1.6

1.5

1.3

1.2

1.1

1.0

.9

.8

.8

1.7

1.5

1.4

1.3

1.1

1.0

.9

.8

.7

.7

1.6

1.5

1.3

1.2

1.1

.9

.8

.7

.6

.6

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Table VI.—Ordinary Joint Life and Last Survivor Annuities

Two Lives—Expected Return Multiples

AGES 105

Publication 939 (December 2022) Page 43
6 7 8 9 10 11 12 13 14

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

69.5 69.0 68.4 67.9 67.3 66.7 66.1 65.5 64.8 64.1

69.0

68.4

67.9

67.3

66.7

66.1

65.5

64.8

64.1

63.4

62.7

61.9

61.2

60.4

59.6

58.8

58.0

57.2

56.3

55.5

54.6

53.8

52.9

52.0

51.1

50.2

49.3

48.4

47.5

46.6

45.7

44.8

43.9

42.9

42.0

41.1

40.2

39.2

38.3

37.4

36.5

35.6

34.7

33.8

32.9

32.0

31.1

30.2

29.3

28.4

27.5

26.7

25.8

24.9

24.1

23.2

22.4 22.4

23.2

24.1

24.9

25.8

68.5

68.0

67.5

66.9

66.4

65.8

65.1

64.5

63.8

63.1

62.4

61.7

61.0

60.2

59.4

58.7

57.8

57.0

56.2

55.4

54.5

53.7

52.8

51.9

51.0

50.2

49.3

48.4

47.5

46.6

45.7

44.7

43.8

42.9

42.0

41.1

40.1

39.2

38.3

37.4

36.5

35.6

34.7

33.8

32.9

32.0

31.1

30.2

29.3

28.4

27.5

26.7

68.0

67.5

67.0

66.5

66.0

65.4

64.8

64.2

63.5

62.9

62.2

61.5

60.7

60.0

59.2

58.5

57.7

56.9

56.1

55.2

54.4

53.6

52.7

51.8

51.0

50.1

49.2

48.3

47.4

46.5

45.6

44.7

43.8

42.9

42.0

41.0

40.1

39.2

38.3

37.4

36.5

35.5

34.6

33.7

32.8

31.9

31.1

30.2

29.3

28.4

27.5

26.7

25.8

24.9

24.1

23.2

22.4 22.4

23.2

24.1

24.9

25.8

22.4

23.2

24.1

24.9

25.8

22.4

23.2

24.0

24.9

25.8

22.3

23.2

24.0

24.9

25.8

22.3

23.2

24.0

24.9

25.7

22.3

23.2

24.0

24.9

25.7

22.3

23.2

24.0

24.9

25.7

67.5

67.0

66.6

66.1

65.5

65.0

64.4

63.8

63.2

62.6

61.9

61.2

60.5

59.8

59.0

58.3

57.5

56.7

55.9

55.1

54.3

53.4

52.6

51.7

50.9

50.0

49.1

48.2

47.4

46.5

45.6

44.6

43.7

42.8

41.9

41.0

40.1

39.2

38.3

37.3

36.4

35.5

34.6

33.7

32.8

31.9

31.0

30.2

29.3

28.4

27.5

26.6

66.9

66.5

66.1

65.6

65.1

64.6

64.0

63.4

62.8

62.2

61.6

60.9

60.2

59.5

58.8

58.1

57.3

56.5

55.8

55.0

54.1

53.3

52.5

51.6

50.8

49.9

49.0

48.2

47.3

46.4

45.5

44.6

43.7

42.8

41.9

41.0

40.1

39.1

38.2

37.3

36.4

35.5

34.6

33.7

32.8

31.9

31.0

30.1

29.3

28.4

27.5

26.6

66.4

66.0

65.5

65.1

64.6

64.1

63.6

63.0

62.5

61.9

61.3

60.6

60.0

59.3

58.6

57.8

57.1

56.4

55.6

54.8

54.0

53.2

52.4

51.5

50.7

49.8

49.0

48.1

47.2

46.3

45.4

44.5

43.6

42.7

41.8

40.9

40.0

39.1

38.2

37.3

36.4

35.5

34.6

33.7

32.8

31.9

31.0

30.1

29.2

28.4

27.5

26.6

65.8

65.4

65.0

64.6

64.1

63.6

63.1

62.6

62.1

61.5

60.9

60.3

59.7

59.0

58.3

57.6

56.9

56.1

55.4

54.6

53.8

53.0

52.2

51.4

50.6

49.7

48.9

48.0

47.1

46.3

45.4

44.5

43.6

42.7

41.8

40.9

40.0

39.1

38.2

37.3

36.4

35.5

34.6

33.7

32.8

31.9

31.0

30.1

29.2

28.4

27.5

26.6

65.1

64.8

64.4

64.0

63.6

63.1

62.7

62.2

61.7

61.1

60.5

59.9

59.3

58.7

58.0

57.3

56.6

55.9

55.2

54.4

53.7

52.9

52.1

51.3

50.4

49.6

48.8

47.9

47.0

46.2

45.3

44.4

43.5

42.6

41.7

40.8

39.9

39.0

38.1

37.2

36.3

35.4

34.5

33.7

32.8

31.9

31.0

30.1

29.2

28.3

27.5

26.6

64.5

64.2

63.8

63.4

63.0

62.6

62.2

61.7

61.2

60.7

60.1

59.6

59.0

58.4

57.7

57.1

56.4

55.7

55.0

54.2

53.5

52.7

51.9

51.1

50.3

49.5

48.6

47.9

47.0

46.1

45.2

44.3

43.5

42.6

41.7

40.8

39.9

39.0

38.1

37.2

36.3

35.4

34.5

33.6

32.7

31.9

31.0

30.1

29.2

28.3

27.5

26.6

63.8

63.5

63.2

62.8

62.5

62.1

61.7

61.2

60.7

60.2

59.7

59.2

58.6

58.0

57.4

56.8

56.1

55.4

54.7

54.0

53.3

52.5

51.7

51.0

50.2

49.3

48.5

47.7

46.8

46.0

45.1

44.3

43.4

42.5

41.6

40.7

39.8

39.0

38.1

37.2

36.3

35.4

34.5

33.6

32.7

31.8

30.9

30.1

29.2

28.3

27.5

26.6

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 5

Page 44 Publication 939 (December 2022)
6 7 8 9 10 11 12 13 14

21.5

20.7

19.9

19.1

18.3

17.5

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.8

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.2

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.3

14.5

13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 5

Publication 939 (December 2022) Page 45
16 17 18 19 20 21 22 23 24

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

59.8

59.3

58.8

58.2

57.6

57.0

56.4

55.8

55.1

54.5

53.8

53.0

52.3

51.5

50.8

50.0

49.2

48.4

47.6

46.7

45.9

45.0

44.2

43.3

42.4

41.6

40.7

39.8

38.9

38.0

37.1

36.2

35.3

34.5

33.6

32.7

31.8

30.9

30.0

29.2

28.3

27.4

26.6

25.7

24.9

24.0

23.2

22.3

21.5

20.7

19.9

19.1

18.3

17.5

16.7

16.0

15.2

14.5

59.3

58.8

58.3

57.8

57.2

56.7

56.1

55.5

54.8

54.2

53.5

52.8

52.1

51.3

50.6

49.8

49.0

48.2

47.4

46.6

45.8

44.9

44.1

43.2

42.4

41.5

40.6

39.7

38.9

38.0

37.1

36.2

35.3

34.4

33.5

32.7

31.8

30.9

30.0

29.2

28.3

27.4

26.6

25.7

24.8

24.0

23.2

22.3

21.5

20.7

19.8

19.0

18.3

17.5

16.7

16.0

15.2

14.5

58.8

58.3

57.8

57.3

56.8

56.3

55.7

55.1

54.5

53.9

53.2

52.5

51.8

51.1

50.4

49.6

48.9

48.1

47.3

46.5

45.7

44.8

44.0

43.1

42.3

41.4

40.5

39.7

38.8

37.9

37.0

36.2

35.3

34.4

33.5

32.6

31.8

30.9

30.0

29.1

28.3

27.4

26.5

25.7

24.8

24.0

23.1

22.3

21.5

20.7

19.8

19.0

18.3

17.5

16.7

16.0

15.2

14.5

58.2

57.8

57.3

56.9

56.4

55.9

55.3

54.7

54.2

53.5

52.9

52.3

51.6

50.9

50.2

49.4

48.7

47.9

47.1

46.3

45.5

44.7

43.9

43.0

42.2

41.3

40.5

39.6

38.7

37.9

37.0

36.1

35.2

34.4

33.5

32.6

31.7

30.9

30.0

29.1

28.3

27.4

26.5

25.7

24.8

24.0

23.1

22.3

21.5

20.6

19.8

19.0

18.3

17.5

16.7

16.0

15.2

14.5

57.6

57.2

56.8

56.4

55.9

55.4

54.9

54.4

53.8

53.2

52.6

52.0

51.3

50.6

49.9

49.2

48.5

47.7

47.0

46.2

45.4

44.6

43.8

42.9

42.1

41.2

40.4

39.5

38.7

37.8

36.9

36.1

35.2

34.3

33.4

32.6

31.7

30.8

30.0

29.1

28.2

27.4

26.5

25.7

24.8

24.0

23.1

22.3

21.5

20.6

19.8

19.0

18.2

17.5

16.7

16.0

15.2

14.5

57.0

56.7

56.3

55.9

55.4

54.9

54.5

53.9

53.4

52.8

52.2

51.6

51.0

50.3

49.7

49.0

48.3

47.5

46.8

46.0

45.2

44.4

43.6

42.8

42.0

41.1

40.3

39.4

38.6

37.7

36.9

36.0

35.1

34.3

33.4

32.5

31.7

30.8

29.9

29.1

28.2

27.3

26.5

25.6

24.8

23.9

23.1

22.3

21.4

20.6

19.8

19.0

18.2

17.5

16.7

16.0

15.2

14.5

56.4

56.1

55.7

55.3

54.9

54.5

54.0

53.5

53.0

52.4

51.9

51.3

50.7

50.0

49.4

48.7

48.0

47.3

46.6

45.8

45.1

44.3

43.5

42.7

41.9

41.0

40.2

39.4

38.5

37.7

36.8

35.9

35.1

34.2

33.4

32.5

31.6

30.8

29.9

29.0

28.2

27.3

26.5

25.6

24.8

23.9

23.1

22.3

21.4

20.6

19.8

19.0

18.2

17.5

16.7

15.9

15.2

14.5

55.8

55.5

55.1

54.7

54.4

53.9

53.5

53.0

52.5

52.0

51.5

50.9

50.3

49.7

49.1

48.4

47.8

47.1

46.3

45.6

44.9

44.1

43.3

42.5

41.7

40.9

40.1

39.3

38.4

37.6

36.7

35.9

35.0

34.2

33.3

32.4

31.6

30.7

29.9

29.0

28.2

27.3

26.5

25.6

24.8

23.9

23.1

22.2

21.4

20.6

19.8

19.0

18.2

17.5

16.7

15.9

15.2

14.5

55.1

54.8

54.5

54.2

53.8

53.4

53.0

52.5

52.1

51.6

51.1

50.5

50.0

49.4

48.8

48.1

47.5

46.8

46.1

45.4

44.7

43.9

43.2

42.4

41.6

40.8

40.0

39.1

38.3

37.5

36.6

35.8

34.9

34.1

33.2

32.4

31.5

30.7

29.8

29.0

28.1

27.3

26.4

25.6

24.7

23.9

23.1

22.2

21.4

20.6

19.8

19.0

18.2

17.4

16.7

15.9

15.2

14.5

54.5

54.2

53.9

53.5

53.2

52.8

52.4

52.0

51.6

51.1

50.6

50.1

49.6

49.0

48.4

47.8

47.2

46.5

45.9

45.2

44.4

43.7

43.0

42.2

41.4

40.6

39.8

39.0

38.2

37.4

36.5

35.7

34.9

34.0

33.2

32.3

31.5

30.6

29.8

28.9

28.1

27.2

26.4

25.6

24.7

23.9

23.0

22.2

21.4

20.6

19.8

19.0

18.2

17.4

16.7

15.9

15.2

14.5

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 15

Page 46 Publication 939 (December 2022)
16 17 18 19 20 21 22 23 24

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8

13.2

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.5

.7

.9

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

1.0

.8

.6

.9

.7

.5

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 15

Publication 939 (December 2022) Page 47
26 27 28 29 30 31 32 33 34

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

50.2 49.7 49.2 48.6 48.1 47.5 46.9 46.2 45.6 44.9

49.7

49.2

48.6

48.1

47.5

46.9

46.2

45.6

44.9

44.2

43.5

42.8

42.0

41.3

40.5

39.7

38.9

38.1

37.3

36.5

35.6

34.8

34.0

33.1

32.3

31.4

30.6

29.7

28.9

28.1

27.2

26.4

25.5

24.7

23.9

23.0

22.2

21.4

20.6

19.8

19.0

18.2

17.4

16.7

15.9

15.2

14.5

13.8

13.1

12.5

11.8

11.2

10.6

10.0

9.4

8.9

8.4

49.2

48.7

48.2

47.7

47.1

46.5

45.9

45.3

44.6

44.0

43.3

42.5

41.8

41.1

40.3

39.5

38.8

38.0

37.2

36.3

35.5

34.7

33.9

33.0

32.2

31.4

30.5

29.7

28.9

28.0

27.2

26.3

25.5

24.7

23.8

23.0

22.2

21.4

20.6

19.8

19.0

18.2

17.4

16.7

15.9

15.2

14.5

13.8

13.1

12.5

11.8

11.2

10.6

48.7

48.3

47.8

47.3

46.7

46.2

45.6

45.0

44.3

43.7

43.0

42.3

41.6

40.9

40.1

39.4

38.6

37.8

37.0

36.2

35.4

34.6

33.8

33.0

32.1

31.3

30.5

29.6

28.8

28.0

27.1

26.3

25.5

24.6

23.8

23.0

22.2

21.3

20.5

19.7

19.0

18.2

17.4

16.7

15.9

15.2

14.5

13.8

13.1

12.5

11.8

11.2

10.6

48.2

47.8

47.3

46.8

46.3

45.8

45.2

44.6

44.0

43.4

42.7

42.1

41.4

40.7

39.9

39.2

38.4

37.7

36.9

36.1

35.3

34.5

33.7

32.9

32.1

31.2

30.4

29.6

28.8

27.9

27.1

26.3

25.4

24.6

23.8

23.0

22.1

21.3

20.5

19.7

18.9

18.2

17.4

16.6

15.9

15.2

14.5

13.8

13.1

12.4

11.8

11.2

10.6

47.7

47.3

46.8

46.4

45.9

45.4

44.8

44.3

43.7

43.1

42.4

41.8

41.1

40.4

39.7

39.0

38.3

37.5

36.7

36.0

35.2

34.4

33.6

32.8

32.0

31.2

30.3

29.5

28.7

27.9

27.0

26.2

25.4

24.6

23.8

22.9

22.1

21.3

20.5

19.7

18.9

18.2

17.4

16.6

15.9

15.2

14.5

13.8

13.1

12.4

11.8

11.2

10.6

47.1

46.7

46.3

45.9

45.4

44.9

44.4

43.9

43.3

42.7

42.1

41.5

40.8

40.2

39.5

38.8

38.1

37.3

36.6

35.8

35.0

34.3

33.5

32.7

31.9

31.1

30.3

29.5

28.6

27.8

27.0

26.2

25.4

24.5

23.7

22.9

22.1

21.3

20.5

19.7

18.9

18.1

17.4

16.6

15.9

15.2

14.5

13.8

13.1

12.4

11.8

11.2

10.6

46.5

46.2

45.8

45.4

44.9

44.5

44.0

43.5

42.9

42.4

41.8

41.2

40.6

39.9

39.2

38.5

37.8

37.1

36.4

35.6

34.9

34.1

33.4

32.6

31.8

31.0

30.2

29.4

28.6

27.8

26.9

26.1

25.3

24.5

23.7

22.9

22.1

21.3

20.5

19.7

18.9

18.1

17.4

16.6

15.9

15.2

14.5

13.8

13.1

12.4

11.8

11.2

10.6

45.9

45.6

45.2

44.8

44.4

44.0

43.5

43.0

42.5

42.0

41.4

40.8

40.2

39.6

39.0

38.3

37.6

36.9

36.2

35.5

34.7

34.0

33.2

32.4

31.7

30.9

30.1

29.3

28.5

27.7

26.9

26.1

25.3

24.5

23.6

22.8

22.0

21.2

20.4

19.6

18.9

18.1

17.3

16.6

15.9

15.1

14.4

13.8

13.1

12.4

11.8

11.2

10.6

45.3

45.0

44.6

44.3

43.9

43.5

43.0

42.6

42.1

41.6

41.0

40.5

39.9

39.3

38.7

38.0

37.4

36.7

36.0

35.3

34.5

33.8

33.1

32.3

31.5

30.8

30.0

29.2

28.4

27.6

26.8

26.0

25.2

24.4

23.6

22.8

22.0

21.2

20.4

19.6

18.8

18.1

17.3

16.6

15.8

15.1

14.4

13.7

13.1

12.4

11.8

11.2

10.6

44.6

44.3

44.0

43.7

43.3

42.9

42.5

42.1

41.6

41.1

40.6

40.1

39.5

39.0

38.4

37.7

37.1

36.4

35.8

35.1

34.4

33.6

32.9

32.2

31.4

30.6

29.9

29.1

28.3

27.5

26.7

25.9

25.1

24.3

23.5

22.7

21.9

21.2

20.4

19.6

18.8

18.1

17.3

16.6

15.8

15.1

14.4

13.7

13.1

12.4

11.8

11.1

10.5

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

10.0

9.4

8.9

8.4

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 25

Page 48 Publication 939 (December 2022)
26 27 28 29 30 31 32 33 34

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.8

.6

.9

.7

.5

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 25

Publication 939 (December 2022) Page 49
36 37 38 39 40 41 42 43 44

92

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

40.7

40.2

39.7

39.2

38.6

38.0

37.4

36.8

36.2

35.5

34.8

34.1

33.4

32.7

32.0

31.3

30.5

29.7

29.0

28.2

27.4

26.7

25.9

25.1

24.3

23.5

22.7

21.9

21.1

20.3

19.6

18.8

18.0

17.3

16.5

15.8

15.1

14.4

13.7

13.1

12.4

11.8

11.1

10.5

10.0

9.4

8.9

8.3

7.8

7.3

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

40.2

39.7

39.3

38.7

38.2

37.7

37.1

36.5

35.9

35.2

34.6

33.9

33.2

32.5

31.8

31.1

30.4

29.6

28.9

28.1

27.3

26.6

25.8

25.0

24.2

23.4

22.6

21.9

21.1

20.3

19.5

18.8

18.0

17.3

16.5

15.8

15.1

14.4

13.7

13.0

12.4

11.8

11.1

10.5

10.0

9.4

8.8

8.3

7.8

7.3

6.9

6.5

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.4

8.8

8.3

7.8

7.3

6.9

6.5

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.4

8.8

8.3

7.8

7.3

6.9

6.5

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.4

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.4

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.4

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.7

5.3

5.0

4.7

4.4

11.7

11.1

10.5

9.9

9.3

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.6

5.3

5.0

4.7

4.4

11.6

11.0

10.5

9.9

9.3

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.6

5.3

5.0

4.6

4.4

11.6

11.0

10.4

9.9

9.3

8.8

8.3

7.8

7.3

6.9

6.4

6.0

5.6

5.3

5.0

4.6

4.4

39.7

39.3

38.8

38.3

37.8

37.3

36.7

36.2

35.6

34.9

34.3

33.7

33.0

32.3

31.6

30.9

30.2

29.5

28.7

28.0

27.2

26.5

25.7

24.9

24.1

23.4

22.6

21.8

21.0

20.2

19.5

18.7

18.0

17.2

16.5

15.8

15.1

14.4

13.7

13.0

12.4

39.2

38.7

38.3

37.9

37.4

36.9

36.3

35.8

35.2

34.6

34.0

33.4

32.8

32.1

31.4

30.7

30.0

29.3

28.6

27.8

27.1

26.3

25.6

24.8

24.1

23.3

22.5

21.7

21.0

20.2

19.4

18.7

17.9

17.2

16.5

15.7

15.0

14.3

13.7

13.0

12.4

38.6

38.2

37.8

37.4

36.9

36.4

35.9

35.4

34.9

34.3

33.7

33.1

32.5

31.8

31.2

30.5

29.8

29.1

28.4

27.7

27.0

26.2

25.5

24.7

24.0

23.2

22.4

21.7

20.9

20.1

19.4

18.6

17.9

17.2

16.4

15.7

15.0

14.3

13.7

13.0

12.3

38.0

37.7

37.3

36.9

36.4

36.0

35.5

35.0

34.5

34.0

33.4

32.8

32.2

31.6

30.9

30.3

29.6

28.9

28.2

27.5

26.8

26.1

25.4

24.6

23.9

23.1

22.4

21.6

20.8

20.1

19.3

18.6

17.9

17.1

16.4

15.7

15.0

14.3

13.6

13.0

12.3

37.4

37.1

36.7

36.3

35.9

35.5

35.1

34.6

34.1

33.6

33.0

32.5

31.9

31.3

30.7

30.0

29.4

28.7

28.1

27.4

26.7

26.0

25.2

24.5

23.8

23.0

22.3

21.5

20.8

20.0

19.3

18.5

17.8

17.1

16.4

15.6

15.0

14.3

13.6

13.0

12.3

36.8

36.5

36.2

35.8

35.4

35.0

34.6

34.1

33.7

33.2

32.7

32.1

31.6

31.0

30.4

29.8

29.2

28.5

27.9

27.2

26.5

25.8

25.1

24.4

23.6

22.9

22.2

21.4

20.7

20.0

19.2

18.5

17.8

17.0

16.3

15.6

14.9

14.2

13.6

12.9

12.3

36.2

35.9

35.6

35.2

34.9

34.5

34.1

33.7

33.2

32.8

32.3

31.8

31.2

30.7

30.1

29.5

28.9

28.3

27.6

27.0

26.3

25.6

24.9

24.2

23.5

22.8

22.1

21.3

20.6

19.9

19.1

18.4

17.7

17.0

16.3

15.6

14.9

14.2

13.6

12.9

12.3

35.5

35.2

34.9

34.6

34.3

34.0

33.6

33.2

32.8

32.3

31.8

31.4

30.8

30.3

29.8

29.2

28.6

28.0

27.4

26.8

26.1

25.4

24.8

24.1

23.4

22.7

22.0

21.2

20.5

19.8

19.1

18.4

17.6

16.9

16.2

15.5

14.9

14.2

13.5

12.9

12.2

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 35

Page 50 Publication 939 (December 2022)
36 37 38 39 40 41 42 43 44

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 35

Publication 939 (December 2022) Page 51
46 47 48 49 50 51 52 53 54

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

31.4

30.9

30.5

30.0

29.4

28.9

28.3

27.7

27.1

26.5

25.9

25.2

24.6

23.9

23.2

22.5

21.8

21.1

20.4

19.7

19.0

18.3

17.6

16.9

16.2

15.5

14.8

14.1

13.5

12.8

12.2

11.6

11.0

10.4

9.9

9.3

8.8

8.3

7.8

7.3

6.8

6.4

6.0

5.6

5.3

5.0

4.6

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

30.9

30.5

30.0

29.6

29.1

28.5

28.0

27.4

26.9

26.3

25.7

25.0

24.4

23.7

23.1

22.4

21.7

21.0

20.3

19.6

18.9

18.2

17.5

16.8

16.1

15.4

14.8

14.1

13.5

12.8

12.2

11.6

11.0

10.4

9.8

9.3

8.8

8.2

7.8

7.3

6.8

6.4

6.0

5.6

5.3

4.9

4.6

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

30.5

30.0

29.6

29.2

28.7

28.2

27.7

27.1

26.6

26.0

25.4

24.8

24.2

23.5

22.9

22.2

21.6

20.9

20.2

19.5

18.8

18.1

17.4

16.7

16.1

15.4

14.7

14.1

13.4

12.8

12.2

11.6

11.0

10.4

9.8

9.3

8.7

8.2

7.7

7.3

6.8

6.4

6.0

5.6

5.3

4.9

4.6

4.4

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

30.0

29.6

29.2

28.7

28.3

27.8

27.3

26.8

26.3

25.7

25.1

24.6

24.0

23.3

22.7

22.1

21.4

20.7

20.1

19.4

18.7

18.0

17.3

16.7

16.0

15.3

14.7

14.0

13.4

12.7

12.1

11.5

10.9

10.4

9.8

9.3

8.7

8.2

7.7

7.3

6.8

6.4

6.0

5.6

5.3

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

29.4

29.1

28.7

28.3

27.9

27.4

26.9

26.5

25.9

25.4

24.9

24.3

23.7

23.1

22.5

21.9

21.2

20.6

19.9

19.3

18.6

17.9

17.3

16.6

15.9

15.3

14.6

14.0

13.3

12.7

12.1

11.5

10.9

10.3

9.8

9.2

8.7

8.2

7.7

7.3

6.8

6.4

6.0

5.6

5.3

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

28.9

28.5

28.2

27.8

27.4

27.0

26.5

26.1

25.6

25.1

24.6

24.0

23.5

22.9

22.3

21.7

21.1

20.4

19.8

19.1

18.5

17.8

17.2

16.5

15.8

15.2

14.5

13.9

13.3

12.7

12.1

11.5

10.9

10.3

9.8

9.2

8.7

8.2

7.7

7.2

6.8

6.4

6.0

5.6

5.3

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

28.3

28.0

27.7

27.3

26.9

26.5

26.1

25.7

25.2

24.7

24.2

23.7

23.2

22.6

22.1

21.5

20.9

20.2

19.6

19.0

18.3

17.7

17.1

16.4

15.8

15.1

14.5

13.8

13.2

12.6

12.0

11.4

10.8

10.3

9.7

9.2

8.7

8.2

7.7

7.2

6.8

6.4

6.0

5.6

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

27.7

27.4

27.1

26.8

26.5

26.1

25.7

25.3

24.8

24.4

23.9

23.4

22.9

22.4

21.8

21.2

20.6

20.0

19.4

18.8

18.2

17.6

16.9

16.3

15.7

15.0

14.4

13.8

13.2

12.6

12.0

11.4

10.8

10.2

9.7

9.2

8.7

8.2

7.7

7.2

6.8

6.4

6.0

5.6

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

27.1

26.9

26.6

26.3

25.9

25.6

25.2

24.8

24.4

24.0

23.5

23.1

22.6

22.1

21.5

21.0

20.4

19.8

19.2

18.6

18.0

17.4

16.8

16.2

15.6

14.9

14.3

13.7

13.1

12.5

11.9

11.3

10.8

10.2

9.7

9.1

8.6

8.1

7.7

7.2

6.8

6.3

6.0

5.6

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

26.5

26.3

26.0

25.7

25.4

25.1

24.7

24.4

24.0

23.6

23.2

22.7

22.2

21.7

21.2

20.7

20.2

19.6

19.0

18.5

17.9

17.3

16.7

16.1

15.4

14.8

14.2

13.6

13.0

12.4

11.9

11.3

10.7

10.2

9.6

9.1

8.6

8.1

7.6

7.2

6.7

6.3

5.9

5.6

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 45

Page 52 Publication 939 (December 2022)
46 47 48 49 50 51 52 53 54

103

104

105

106

107

108

109

110

111

112

113

114

115

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 45

Publication 939 (December 2022) Page 53
56 57 58 59 60 61 62 63 64

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

22.7

22.3

21.9

21.4

20.9

20.4

19.9

19.4

18.8

18.3

17.7

17.1

16.5

15.9

15.3

14.7

14.1

13.5

13.0

12.4

11.8

11.2

10.7

10.1

9.6

9.1

8.6

8.1

7.6

7.2

6.7

6.3

5.9

5.6

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

22.3

21.9

21.5

21.1

20.6

20.1

19.6

19.1

18.6

18.0

17.5

16.9

16.3

15.8

15.2

14.6

14.0

13.4

12.9

12.3

11.7

11.2

10.6

10.1

9.6

9.0

8.5

8.1

7.6

7.1

6.7

6.3

5.9

5.5

5.2

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

21.9

21.5

21.1

20.7

20.3

19.8

19.3

18.8

18.3

17.8

17.3

16.7

16.2

15.6

15.0

14.5

13.9

13.3

12.8

12.2

11.7

11.1

10.6

10.0

9.5

9.0

8.5

8.0

7.6

7.1

6.7

6.3

5.9

5.5

5.2

4.9

4.6

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

21.4

21.1

20.7

20.3

19.9

19.5

19.0

18.5

18.0

17.5

17.0

16.5

16.0

15.4

14.9

14.3

13.8

13.2

12.7

12.1

11.6

11.0

10.5

10.0

9.5

9.0

8.5

8.0

7.5

7.1

6.7

6.3

5.9

5.5

5.2

4.9

4.6

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

20.9

20.6

20.3

19.9

19.5

19.1

18.7

18.2

17.7

17.3

16.8

16.3

15.8

15.2

14.7

14.2

13.6

13.1

12.5

12.0

11.5

10.9

10.4

9.9

9.4

8.9

8.4

8.0

7.5

7.1

6.6

6.2

5.9

5.5

5.2

4.9

4.6

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

20.4

20.1

19.8

19.5

19.1

18.7

18.3

17.9

17.4

17.0

16.5

16.0

15.5

15.0

14.5

14.0

13.5

12.9

12.4

11.9

11.4

10.9

10.3

9.8

9.3

8.9

8.4

7.9

7.5

7.0

6.6

6.2

5.8

5.5

5.1

4.8

4.5

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

19.9

19.6

19.3

19.0

18.7

18.3

17.9

17.5

17.1

16.7

16.2

15.8

15.3

14.8

14.3

13.8

13.3

12.8

12.3

11.8

11.3

10.8

10.3

9.8

9.3

8.8

8.3

7.9

7.4

7.0

6.6

6.2

5.8

5.5

5.1

4.8

4.5

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

19.4

19.1

18.8

18.5

18.2

17.9

17.5

17.1

16.8

16.3

15.9

15.5

15.0

14.6

14.1

13.6

13.1

12.6

12.1

11.6

11.1

10.6

10.2

9.7

9.2

8.7

8.3

7.8

7.4

7.0

6.5

6.2

5.8

5.4

5.1

4.8

4.5

4.2

4.0

3.8

3.6

3.3

3.2

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

18.8

18.6

18.3

18.0

17.7

17.4

17.1

16.8

16.4

16.0

15.6

15.2

14.7

14.3

13.9

13.4

12.9

12.4

12.0

11.5

11.0

10.5

10.0

9.6

9.1

8.7

8.2

7.8

7.3

6.9

6.5

6.1

5.8

5.4

5.1

4.8

4.5

4.2

4.0

3.8

3.5

3.3

3.1

3.0

2.8

2.6

2.4

2.3

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

18.3

18.0

17.8

17.5

17.3

17.0

16.7

16.3

16.0

15.6

15.3

14.9

14.5

14.0

13.6

13.2

12.7

12.3

11.8

11.3

10.9

10.4

9.9

9.5

9.0

8.6

8.1

7.7

7.3

6.9

6.5

6.1

5.7

5.4

5.1

4.8

4.5

4.2

4.0

3.7

3.5

3.3

3.1

3.0

2.8

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 55

Page 54 Publication 939 (December 2022)
56 57 58 59 60 61 62 63 64

113

114

115

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

.7

.6

.5

AGES 55

Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

Publication 939 (December 2022) Page 55
Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 65 66 67 68 69 70 71 72 73 74

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

14.9

14.5

14.1

13.7

13.3

12.9

12.5

12.0

11.6

11.2

10.7

10.3

9.8

9.4

8.9

8.5

8.0

7.6

7.2

6.8

6.4

6.0

5.7

5.3

5.0

4.7

4.5

4.2

3.9

3.7

3.5

3.3

3.1

2.9

2.8

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

14.5

14.2

13.8

13.4

13.1

12.6

12.2

11.8

11.4

11.0

10.5

10.1

9.7

9.2

8.8

8.4

8.0

7.5

7.1

6.7

6.4

6.0

5.6

5.3

5.0

4.7

4.4

4.2

3.9

3.7

3.5

3.3

3.1

2.9

2.8

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

14.1

13.8

13.5

13.1

12.8

12.4

12.0

11.6

11.2

10.8

10.4

9.9

9.5

9.1

8.7

8.3

7.9

7.5

7.1

6.7

6.3

5.9

5.6

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.5

3.3

3.1

2.9

2.8

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

13.7

13.4

13.1

12.8

12.5

12.1

11.7

11.4

11.0

10.6

10.2

9.8

9.4

9.0

8.6

8.2

7.8

7.4

7.0

6.6

6.2

5.9

5.6

5.2

4.9

4.6

4.4

4.1

3.9

3.7

3.5

3.3

3.1

2.9

2.7

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

13.3

13.1

12.8

12.5

12.1

11.8

11.4

11.1

10.7

10.4

10.0

9.6

9.2

8.8

8.4

8.0

7.7

7.3

6.9

6.5

6.2

5.8

5.5

5.2

4.9

4.6

4.3

4.1

3.9

3.6

3.4

3.3

3.1

2.9

2.7

2.6

2.4

2.2

2.1

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

12.9

12.6

12.4

12.1

11.8

11.5

11.2

10.8

10.5

10.1

9.8

9.4

9.0

8.7

8.3

7.9

7.5

7.2

6.8

6.4

6.1

5.8

5.4

5.1

4.8

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.1

2.9

2.7

2.5

2.4

2.2

2.0

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.6

.6

.5

12.5

12.2

12.0

11.7

11.4

11.2

10.9

10.5

10.2

9.9

9.5

9.2

8.8

8.5

8.1

7.8

7.4

7.1

6.7

6.4

6.0

5.7

5.4

5.1

4.8

4.5

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.9

2.7

2.5

2.4

2.2

2.0

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.6

.5

.5

12.0

11.8

11.6

11.4

11.1

10.8

10.5

10.2

9.9

9.6

9.3

9.0

8.6

8.3

8.0

7.6

7.3

6.9

6.6

6.3

5.9

5.6

5.3

5.0

4.7

4.5

4.2

4.0

3.8

3.6

3.4

3.2

3.0

2.9

2.7

2.5

2.4

2.2

2.0

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.6

.5

.5

11.6

11.4

11.2

11.0

10.7

10.5

10.2

9.9

9.7

9.4

9.1

8.8

8.4

8.1

7.8

7.5

7.1

6.8

6.5

6.2

5.8

5.5

5.2

5.0

4.7

4.4

4.2

3.9

3.7

3.5

3.3

3.2

3.0

2.8

2.7

2.5

2.3

2.2

2.0

1.9

1.7

1.5

1.4

1.3

1.1

1.0

.9

.8

.6

.5

.5

11.2

11.0

10.8

10.6

10.4

10.1

9.9

9.6

9.4

9.1

8.8

8.5

8.2

7.9

7.6

7.3

7.0

6.7

6.4

6.0

5.7

5.4

5.2

4.9

4.6

4.4

4.1

3.9

3.7

3.5

3.3

3.1

3.0

2.8

2.6

2.5

2.3

2.2

2.0

1.9

1.7

1.5

1.4

1.3

1.1

1.0

.9

.8

.6

.5

.5

Page 56 Publication 939 (December 2022)
Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 75 76 77 78 79 80 81 82 83 84

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

8.3

8.0

7.8

7.5

7.2

6.9

6.7

6.4

6.1

5.8

5.5

5.3

5.0

4.7

4.5

4.2

4.0

3.8

3.6

3.4

3.2

3.1

2.9

2.8

2.6

2.5

2.3

2.1

2.0

1.8

1.7

1.5

1.4

1.2

1.1

1.0

.9

.8

.6

.5

.5

8.6

8.3

8.0

7.7

7.4

7.1

6.8

6.5

6.2

5.9

5.6

5.4

5.1

4.8

4.5

4.3

4.1

3.9

3.7

3.5

3.3

3.1

2.9

2.8

2.6

2.5

2.3

2.2

2.0

1.8

1.7

1.5

1.4

1.3

1.1

1.0

.9

.8

.6

.5

.5

8.0

7.8

7.5

7.3

7.0

6.8

6.5

6.2

5.9

5.7

5.4

5.1

4.9

4.6

4.4

4.2

4.0

3.7

3.6

3.4

3.2

3.0

2.9

2.7

2.6

2.4

2.3

2.1

2.0

1.8

1.7

1.5

1.4

1.2

1.1

1.0

.9

.8

.6

.5

.5

7.7

7.5

7.3

7.0

6.8

6.6

6.3

6.0

5.8

5.5

5.3

5.0

4.8

4.5

4.3

4.1

3.9

3.7

3.5

3.3

3.2

3.0

2.9

2.7

2.6

2.4

2.3

2.1

2.0

1.8

1.7

1.5

1.4

1.2

1.1

1.0

.9

.7

.6

.5

.5

7.4

7.2

7.0

6.8

6.6

6.3

6.1

5.9

5.6

5.4

5.2

4.9

4.7

4.4

4.2

4.0

3.8

3.6

3.4

3.3

3.1

3.0

2.8

2.7

2.5

2.4

2.2

2.1

1.9

1.8

1.6

1.5

1.4

1.2

1.1

1.0

.9

.7

.6

.5

.5

7.1

6.9

6.8

6.6

6.3

6.1

5.9

5.7

5.5

5.2

5.0

4.8

4.6

4.3

4.1

3.9

3.7

3.6

3.4

3.2

3.1

2.9

2.8

2.6

2.5

2.4

2.2

2.1

1.9

1.8

1.6

1.5

1.4

1.2

1.1

1.0

.9

.7

.6

.5

.5

6.8

6.7

6.5

6.3

6.1

5.9

5.7

5.5

5.3

5.1

4.9

4.7

4.4

4.2

4.0

3.8

3.7

3.5

3.3

3.2

3.0

2.9

2.7

2.6

2.5

2.3

2.2

2.0

1.9

1.8

1.6

1.5

1.3

1.2

1.1

1.0

.9

.7

.6

.5

.5

6.5

6.4

6.2

6.0

5.9

5.7

5.5

5.3

5.1

4.9

4.7

4.5

4.3

4.1

3.9

3.8

3.6

3.4

3.2

3.1

3.0

2.8

2.7

2.6

2.4

2.3

2.2

2.0

1.9

1.7

1.6

1.5

1.3

1.2

1.1

1.0

.9

.7

.6

.5

.5

6.2

6.1

5.9

5.8

5.6

5.5

5.3

5.1

4.9

4.7

4.6

4.4

4.2

4.0

3.8

3.7

3.5

3.3

3.2

3.0

2.9

2.8

2.6

2.5

2.4

2.3

2.1

2.0

1.9

1.7

1.6

1.5

1.3

1.2

1.1

1.0

.8

.7

.6

.5

.5

5.9

5.8

5.7

5.5

5.4

5.2

5.1

4.9

4.7

4.6

4.4

4.2

4.1

3.9

3.7

3.5

3.4

3.2

3.1

3.0

2.8

2.7

2.6

2.5

2.3

2.2

2.1

2.0

1.8

1.7

1.6

1.4

1.3

1.2

1.1

1.0

.8

.7

.6

.5

.5

Publication 939 (December 2022) Page 57
Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 85 86 87 88 89 90 91 92 93 94

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

4.2

4.1

3.9

3.8

3.6

3.4

3.3

3.2

3.0

2.9

2.8

2.6

2.5

2.4

2.3

2.2

2.1

1.9

1.8

1.7

1.6

1.4

1.3

1.2

1.1

.9

.8

.7

.6

.5

.5

4.1

3.9

3.8

3.6

3.5

3.3

3.2

3.1

2.9

2.8

2.7

2.6

2.5

2.4

2.2

2.1

2.0

1.9

1.8

1.7

1.5

1.4

1.3

1.2

1.1

.9

.8

.7

.6

.5

.5

3.9

3.8

3.6

3.5

3.4

3.2

3.1

3.0

2.8

2.7

2.6

2.5

2.4

2.3

2.2

2.1

2.0

1.9

1.8

1.6

1.5

1.4

1.3

1.2

1.0

.9

.8

.7

.6

.5

.5

3.8

3.6

3.5

3.4

3.2

3.1

3.0

2.9

2.8

2.6

2.5

2.4

2.3

2.2

2.1

2.0

1.9

1.8

1.7

1.6

1.5

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

.5

3.6

3.5

3.4

3.2

3.1

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.2

2.1

2.0

1.9

1.8

1.7

1.6

1.5

1.4

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

3.4

3.3

3.2

3.1

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.2

2.1

2.0

1.9

1.9

1.8

1.7

1.5

1.4

1.3

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

3.3

3.2

3.1

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.2

2.2

2.1

2.0

1.9

1.8

1.7

1.6

1.5

1.4

1.3

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

3.2

3.1

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.2

2.2

2.1

2.0

1.9

1.9

1.8

1.7

1.6

1.5

1.4

1.3

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

3.0

2.9

2.8

2.8

2.7

2.6

2.5

2.4

2.3

2.3

2.2

2.1

2.0

2.0

1.9

1.8

1.7

1.6

1.5

1.5

1.4

1.3

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

2.9

2.8

2.7

2.6

2.6

2.5

2.4

2.3

2.3

2.2

2.1

2.0

2.0

1.9

1.8

1.8

1.7

1.6

1.5

1.4

1.3

1.2

1.2

1.1

1.0

.9

.8

.7

.6

.5

.5

Page 58 Publication 939 (December 2022)
Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 95 96 97 98 99 100 101 102 103 104

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

2.0

2.0

1.9

1.8

1.8

1.7

1.6

1.6

1.5

1.4

1.3

1.2

1.1

1.0

1.0

.9

.8

.7

.6

.5

.5

2.0

1.9

1.9

1.8

1.7

1.7

1.6

1.5

1.5

1.4

1.3

1.2

1.1

1.0

.9

.9

.8

.7

.6

.5

.5

1.9

1.9

1.8

1.7

1.7

1.6

1.6

1.5

1.4

1.3

1.3

1.2

1.1

1.0

.9

.8

.8

.7

.6

.5

.5

1.8

1.8

1.7

1.7

1.6

1.6

1.5

1.5

1.4

1.3

1.2

1.2

1.1

1.0

.9

.8

.8

.7

.6

.5

.5

1.8

1.7

1.7

1.6

1.6

1.5

1.5

1.4

1.4

1.3

1.2

1.1

1.1

1.0

.9

.8

.8

.7

.6

.5

.5

1.7

1.7

1.6

1.6

1.5

1.5

1.4

1.4

1.3

1.3

1.2

1.1

1.0

1.0

.9

.8

.7

.7

.6

.5

.5

1.6

1.6

1.6

1.5

1.5

1.4

1.4

1.3

1.3

1.2

1.2

1.1

1.0

1.0

.9

.8

.7

.7

.6

.5

.5

1.6

1.5

1.5

1.5

1.4

1.4

1.3

1.3

1.2

1.2

1.1

1.1

1.0

.9

.9

.8

.7

.7

.6

.5

.5

1.5

1.5

1.4

1.4

1.4

1.3

1.3

1.2

1.2

1.1

1.1

1.0

1.0

.9

.8

.8

.7

.6

.6

.5

.5

1.4

1.4

1.3

1.3

1.3

1.3

1.2

1.2

1.1

1.1

1.0

1.0

.9

.9

.8

.8

.7

.6

.6

.5

.5

Publication 939 (December 2022) Page 59
Table VIA.—Annuities for Joint Life Only

Two Lives—Expected Return Multiples

AGES 105 106 107 108 109 100 111 112 113 114

105

106

107

108

109

110

111

112

113

114

115

1.0

1.0

.9

.9

.8

.7

.7

.6

.6

.5

.5

1.0

.9

.9

.8

.8

.7

.7

.6

.6

.5

.5

.9

.9

.8

.8

.7

.7

.7

.6

.6

.5

.5

.9

.8

.8

.8

.7

.7

.6

.6

.5

.5

.5

.8

.8

.7

.7

.7

.7

.6

.6

.5

.5

.5

.7

.7

.7

.7

.7

.6

.6

.6

.5

.5

.5

.7

.7

.7

.6

.6

.6

.6

.5

.5

.5

.5

.6

.6

.6

.6

.6

.6

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

.5

115

.6

.6

.6

.5

.5

.5

.5

.5

.5

.5

.5

Page 60 Publication 939 (December 2022)
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 1

YEAR

2

YEARS

3

YEARS

4

YEARS

5

YEARS

6

YEARS

7

YEARS

8

YEARS

9

YEARS

10

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

2

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

1

1

1

1

1

1

1

1

2

1

1

1

1

1

2

2

2

1

1

1

1

1

1

2

2

2

1

1

1

1

1

1

1

2

3

3

1

1

1

1

2

2

2

2

2

1

1

1

1

1

1

1

3

3

3

1

1

2

2

2

2

3

1

1

1

1

1

1

1

3

4

4

2

2

2

3

3

2

2

2

2

2

2

Publication 939 (December 2022) Page 61
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 1

YEAR

2

YEARS

3

YEARS

4

YEARS

5

YEARS

6

YEARS

7

YEARS

8

YEARS

9

YEARS

10

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

4

4

4

5

5

6

7

7

8

9

9

10

11

11

12

13

14

14

15

17

18

19

21

23

25

28

31

34

37

41

45

50

1

1

1

1

1

1

1

1

1

2

2

2

2

3

3

3

4

4

4

5

5

6

7

7

8

9

10

11

12

13

14

15

17

18

19

20

21

23

24

26

27

29

31

33

36

38

42

45

49

52

57

61

66

70

75

1

1

1

1

2

2

2

2

2

3

3

3

4

4

4

5

5

6

7

7

8

9

10

11

12

13

15

16

18

19

21

22

24

26

27

29

30

32

34

36

38

40

42

45

48

51

55

58

62

66

70

73

77

80

83

1

2

2

2

2

2

3

3

3

4

4

4

5

5

6

7

7

8

9

10

11

12

13

15

16

18

20

21

23

25

27

29

31

33

35

36

38

40

42

44

47

49

52

55

58

61

64

67

71

74

77

80

83

85

88

2

2

2

2

3

3

3

4

4

5

5

6

6

7

8

9

9

10

11

13

14

15

17

19

20

22

24

26

28

31

33

35

37

39

41

43

45

47

49

52

54

56

59

62

65

68

71

73

76

79

82

84

86

88

90

2

2

3

3

3

4

4

5

5

6

6

7

8

9

10

12

13

14

15

17

19

20

22

24

27

29

31

33

36

38

40

43

45

47

49

51

53

55

58

60

62

65

67

70

73

75

78

80

82

85

87

88

90

92

3

3

3

4

4

5

5

6

6

7

8

8

9

10

11

12

14

15

17

18

20

22

24

26

28

31

33

36

38

41

43

45

48

50

52

54

56

58

60

63

65

67

69

72

74

77

79

81

83

85

87

88

90

92

93

3

4

4

4

5

5

6

7

7

8

9

10

11

12

13

15

16

18

19

21

23

25

27

30

32

35

37

40

43

45

48

50

52

54

57

59

61

63

65

67

69

71

73

75

77

79

81

83

85

87

88

90

91

93

94

4

4

5

5

6

6

7

8

8

9

10

11

13

14

15

17

18

20

22

24

26

28

31

33

36

39

41

44

47

49

52

54

56

58

60

62

64

66

68

70

72

74

76

78

80

82

84

85

87

88

90

91

92

93

94

4

5

5

6

6

7

8

9

10

11

12

13

14

16

17

19

21

23

25

27

29

32

34

37

40

42

45

48

50

53

55

58

60

62

64

66

68

69

71

73

75

77

78

80

82

84

85

87

88

89

91

92

93

94

95

9

Page 62 Publication 939 (December 2022)
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 11

YEARS

12

YEARS

13

YEARS

14

YEARS

15

YEARS

16

YEARS

17

YEARS

18

YEARS

19

YEARS

20

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

5

5

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

8

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

3

3

4

4

5

5

5

6

6

7

8

9

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

10

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

11

Publication 939 (December 2022) Page 63
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 11

YEARS

12

YEARS

13

YEARS

14

YEARS

15

YEARS

16

YEARS

17

YEARS

18

YEARS

19

YEARS

20

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

5

5

6

7

7

8

9

10

11

12

13

15

16

18

19

21

23

25

28

30

32

35

38

40

43

46

48

51

54

56

59

61

63

65

67

69

70

72

74

75

77

79

80

82

84

85

87

88

89

90

92

93

94

95

95

6

6

7

8

8

9

10

11

12

14

15

17

18

20

22

24

26

28

30

33

35

38

41

44

46

49

52

54

57

59

62

64

66

68

69

71

73

74

76

78

79

81

82

84

85

86

88

89

90

91

92

93

94

95

96

6

7

8

8

9

10

11

13

14

15

17

18

20

22

24

26

28

31

33

36

38

41

44

47

49

52

55

57

60

62

64

66

68

70

72

73

75

76

78

79

81

82

83

85

86

87

89

90

91

92

93

94

95

95

96

7

8

9

9

10

12

13

14

15

17

18

20

22

24

26

28

31

33

36

38

41

44

47

49

52

55

57

60

62

64

67

69

70

72

74

75

77

78

79

81

82

83

85

86

87

88

89

90

92

92

93

94

95

96

96

8

9

10

10

12

13

14

15

17

19

20

22

24

26

28

31

33

36

38

41

44

47

49

52

55

57

60

62

65

67

69

71

72

74

75

77

78

79

81

82

83

84

86

87

88

89

90

91

92

93

94

95

95

96

97

9

10

11

12

13

14

15

17

19

20

22

24

26

28

31

33

36

38

41

44

47

49

52

55

57

60

62

64

67

69

71

72

74

75

77

78

80

81

82

83

84

85

87

88

89

90

91

92

93

93

94

95

96

96

97

10

11

12

13

14

15

17

19

20

22

24

26

28

31

33

36

38

41

44

46

49

52

54

57

59

62

64

66

68

70

72

74

75

77

78

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

95

96

97

97

10

12

13

14

15

17

18

20

22

24

26

28

31

33

35

38

41

43

46

49

51

54

57

59

62

64

66

68

70

72

74

75

77

78

79

81

82

83

84

85

86

87

88

89

90

91

92

93

93

94

95

96

96

97

97

11

13

14

15

17

18

20

22

24

26

28

30

33

35

38

40

43

46

48

51

54

56

59

61

63

66

68

70

72

74

75

77

78

79

81

82

83

84

85

86

87

88

89

90

90

91

92

93

94

94

95

96

96

97

97

13

14

15

17

18

20

22

24

26

28

30

32

35

37

40

43

45

48

51

53

56

58

61

63

65

67

69

71

73

75

76

78

79

80

82

83

84

85

86

86

87

88

89

90

91

92

93

93

94

95

95

96

97

97

98

Page 64 Publication 939 (December 2022)
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 21

YEARS

22

YEARS

23

YEARS

24

YEARS

25

YEARS

26

YEARS

27

YEARS

28

YEARS

29

YEARS

30

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

0

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

11

12

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

11

12

14

0

0

0

0

0

0

0

0

0

0

0

1

1

1

1

2

3

4

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

15

0

0

0

0

0

0

0

0

0

0

1

1

1

1

2

3

3

3

4

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

15

16

0

0

0

0

0

0

0

0

0

1

1

1

1

1

2

3

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

14

16

17

0

0

0

0

0

0

0

0

1

1

1

1

1

2

3

4

5

6

7

8

8

9

10

11

12

13

14

16

17

19

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

3

3

3

1

1

2

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

1

2

3

3

3

1

1

2

1

1

1

1

1

1

1

1

1

1

2

2

2

2

1

1

1

1

1

1

1

1

1

1

1

1

1

2

3

4

4

5

6

2

3

3

2

2

2

2

0

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

8

8

9

10

11

12

13

14

15

17

18

20

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

10

11

12

13

14

15

17

18

20

21

0

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

10

11

11

13

14

15

16

18

19

21

23

0

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

10

10

11

12

14

14

16

18

19

21

22

24

Publication 939 (December 2022) Page 65
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 21

YEARS

22

YEARS

23

YEARS

24

YEARS

25

YEARS

26

YEARS

27

YEARS

28

YEARS

29

YEARS

30

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

14

15

16

18

20

21

23

25

28

30

32

35

37

40

42

45

47

50

53

55

58

60

62

65

67

69

71

73

74

76

78

79

80

81

82

83

84

85

86

87

88

89

90

91

91

92

93

94

94

95

96

96

97

97

98

15

16

18

19

21

23

25

27

29

32

34

37

39

42

44

47

50

52

55

57

59

62

64

66

68

70

72

74

76

77

79

80

81

82

83

84

85

86

87

88

89

89

90

91

92

93

93

94

95

95

96

96

97

97

98

16

18

19

21

23

25

27

29

31

34

36

39

41

44

46

49

51

54

56

59

61

63

66

68

70

72

73

75

77

78

79

81

82

83

84

85

86

87

87

88

89

90

91

91

92

93

94

94

95

95

96

96

97

97

98

17

19

21

23

25

27

29

31

33

36

38

41

43

46

48

51

53

56

58

60

63

65

67

69

71

73

75

76

78

79

80

82

83

84

85

86

86

87

88

89

90

90

91

92

92

93

94

94

95

96

96

97

97

98

98

19

20

22

24

26

28

31

33

35

38

40

43

45

48

50

53

55

57

60

62

64

66

68

70

72

74

76

77

79

80

81

82

83

84

85

86

87

88

88

89

90

91

91

92

93

93

94

95

95

96

96

97

97

98

98

20

22

24

26

28

30

32

35

37

40

42

45

47

50

52

54

57

59

61

63

66

68

70

71

73

75

76

78

79

81

82

83

84

85

86

87

87

88

89

90

90

91

92

92

93

94

94

95

95

96

96

97

97

98

98

22

23

25

28

30

32

34

37

39

42

44

46

49

51

54

56

58

61

63

65

67

69

71

72

74

76

77

79

80

81

83

84

85

85

86

87

88

89

89

90

91

91

92

93

93

94

95

95

96

96

97

97

97

98

98

23

25

27

29

31

34

36

38

41

43

46

48

51

53

55

58

60

62

64

66

68

70

72

73

75

77

78

80

81

82

83

84

85

86

87

88

88

89

90

90

91

92

92

93

94

94

95

95

96

96

97

97

98

98

98

25

27

29

31

33

35

38

40

43

45

47

50

52

54

57

59

61

63

65

67

69

71

73

74

76

77

79

80

81

83

84

85

86

86

87

88

89

89

90

91

91

92

93

93

94

94

95

95

96

96

97

97

98

98

98

26

28

30

33

35

37

40

42

44

47

49

51

54

56

58

60

62

64

66

68

70

72

74

75

77

78

80

81

82

83

84

85

86

87

88

88

89

90

90

91

92

92

93

93

94

95

95

96

96

96

97

97

98

98

98

Page 66 Publication 939 (December 2022)
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 31

YEARS

32

YEARS

33

YEARS

34

YEARS

35

YEARS

36

YEARS

37

YEARS

38

YEARS

39

YEARS

40

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

0

0

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

9

10

11

12

13

15

16

17

19

20

22

24

26

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

11

12

13

14

16

17

18

20

22

24

25

27

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

3

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

14

15

17

18

20

21

23

25

27

29

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

3

4

4

4

5

5

6

6

7

8

8

9

10

11

12

13

14

15

17

18

19

21

23

25

27

28

31

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

10

11

12

13

14

15

16

18

19

21

22

24

26

28

30

32

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

10

10

11

12

14

15

16

17

19

20

22

24

26

28

30

32

34

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

6

6

7

7

8

9

9

10

11

12

13

15

16

17

19

20

22

23

25

27

29

31

33

35

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

7

7

8

9

9

10

11

12

13

14

16

17

18

20

21

23

25

27

29

31

33

35

37

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

14

15

17

18

20

21

23

24

26

28

30

32

34

36

38

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

3

3

3

3

4

4

4

5

5

5

6

6

7

8

8

9

10

11

12

13

14

15

16

18

19

21

22

24

26

28

30

32

34

36

38

40

Publication 939 (December 2022) Page 67
Table VII.—Percent Value of Refund Feature

Duration of Guaranteed Amount

AGE 31

YEARS

32

YEARS

33

YEARS

34

YEARS

35

YEARS

36

YEARS

37

YEARS

38

YEARS

39

YEARS

40

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

28

30

32

34

37

39

41

44

46

48

51

53

55

57

59

62

64

66

67

69

71

73

74

76

78

79

80

82

83

84

85

86

87

87

88

89

89

90

91

91

92

92

93

94

94

95

95

96

96

97

97

97

98

98

98

29

32

34

36

38

41

43

45

48

50

52

54

57

59

61

63

65

67

68

70

72

74

75

77

78

80

81

82

83

84

85

86

87

88

88

89

90

90

91

92

92

93

93

94

94

95

95

96

96

97

97

97

98

98

98

31

33

35

38

40

42

45

47

49

51

54

56

58

60

62

64

66

68

69

71

73

74

76

77

79

80

81

83

84

85

86

87

87

88

89

89

90

91

91

92

92

93

93

94

95

95

96

96

96

97

97

98

98

98

98

33

35

37

39

42

44

46

48

51

53

55

57

59

61

63

65

67

69

70

72

74

75

77

78

79

81

82

83

84

85

86

87

88

88

89

90

90

91

92

92

93

93

94

94

95

95

96

96

97

97

97

98

98

98

99

34

36

39

41

43

45

48

50

52

54

56

58

60

62

64

66

68

70

71

73

74

76

77

79

80

81

83

84

85

86

87

87

88

89

89

90

91

91

92

92

93

93

94

94

95

95

96

96

97

97

97

98

98

98

99

36

38

40

42

45

47

49

51

53

55

57

59

61

63

65

67

69

70

72

74

75

77

78

79

81

82

83

84

85

86

87

88

88

89

90

90

91

91

92

92

93

94

94

95

95

95

96

96

97

97

97

98

98

98

99

37

40

42

44

46

48

50

52

54

57

59

60

62

64

66

68

70

71

73

74

76

77

79

80

81

82

83

85

85

86

87

88

89

89

90

91

91

92

92

93

93

94

94

95

95

96

96

96

97

97

98

98

98

98

99

39

41

43

45

47

50

52

54

56

58

60

62

63

65

67

69

70

72

73

75

76

78

79

80

82

83

84

85

86

87

88

88

89

90

90

91

91

92

92

93

93

94

94

95

95

96

96

96

97

97

98

98

98

98

99

40

42

45

47

49

51

53

55

57

59

61

62

64

66

68

69

71

73

74

76

77

78

80

81

82

83

84

85

86

87

88

89

89

90

91

91

92

92

93

93

94

94

94

95

95

96

96

97

97

97

98

98

98

98

99

42

44

46

48

50

52

54

56

58

60

62

63

65

67

69

70

72

73

75

76

78

79

80

81

83

84

85

86

87

87

88

89

90

90

91

91

92

92

93

93

94

94

95

95

95

96

96

97

97

97

98

98

98

99

99

Page 68 Publication 939 (December 2022)
Table VIII.—Temporary Life Annuities

 One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 1

YEAR

2

YEARS

3

YEARS

4

YEARS

5

YEARS

6

YEARS

7

YEARS

8

YEARS

9

YEARS

10

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

3.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

4.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

5.0

4.9

4.9

4.9

4.9

4.9

4.9

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

6.0

5.9

5.9

5.9

5.9

5.9

5.9

5.9

5.9

5.9

5.9

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

7.0

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.9

6.8

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

8.0

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.9

7.8

7.8

7.8

7.8

7.8

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

9.0

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.9

8.8

8.8

8.8

8.8

8.8

8.8

8.7

8.7

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

10.0

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.9

9.8

9.8

9.8

9.8

9.8

9.8

9.7

9.7

9.7

9.7

9.6

Publication 939 (December 2022) Page 69
Table VIII.—Temporary Life Annuities

One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 1

YEAR

2

YEARS

3

YEARS

4

YEARS

5

YEARS

6

YEARS

7

YEARS

8

YEARS

9

YEARS

10

YEARS

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

3.0

3.0

3.0

3.0

3.0

3.0

60 3.9 4.9 5.9 6.8 7.8 8.7 9.6

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

.9

.9

.9

.9

.9

.9

.9

.9

.9

.9

.9

.9

.9

.9

.8

.8

.8

.8

.8

.8

.7

.7

.7

.7

.6

.6

.6

.5

.5

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.9

1.8

1.8

1.8

1.8

1.8

1.8

1.7

1.7

1.7

1.7

1.6

1.6

1.6

1.6

1.5

1.5

1.5

1.4

1.4

1.4

1.3

1.3

1.2

1.1

1.1

1.0

.9

.8

.7

.6

.6

.5

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.9

2.8

2.8

2.8

2.8

2.8

2.8

2.7

2.7

2.7

2.6

2.6

2.5

2.5

2.5

2.4

2.4

2.3

2.3

2.2

2.2

2.1

2.1

2.0

2.0

1.9

1.8

1.8

1.7

1.6

1.5

1.4

1.3

1.2

1.1

1.0

.9

.8

.7

.6

.5

3.9

3.9

3.9

3.9

3.9

3.9

3.9

3.9

3.9

3.9

3.8

3.8

3.8

3.8

3.8

3.7

3.7

3.7

3.6

3.6

3.6

3.5

3.5

3.4

3.3

3.3

3.2

3.1

3.1

3.0

2.9

2.8

2.7

2.7

2.6

2.5

2.4

2.4

2.3

2.2

2.1

2.0

1.9

1.8

1.7

1.5

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

4.9

4.9

4.9

4.9

4.9

4.8

4.8

4.8

4.8

4.8

4.7

4.7

4.7

4.6

4.6

4.6

4.5

4.5

4.4

4.4

4.3

4.2

4.1

4.1

4.0

3.9

3.8

3.7

3.6

3.4

3.3

3.2

3.1

3.0

2.9

2.8

2.7

2.6

2.5

2.4

2.3

2.1

2.0

1.9

1.7

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

5.9

5.8

5.8

5.8

5.8

5.8

5.7

5.7

5.7

5.6

5.6

5.6

5.5

5.5

5.4

5.4

5.3

5.2

5.1

5.1

5.0

4.9

4.8

4.6

4.5

4.4

4.3

4.1

4.0

3.8

3.7

3.5

3.4

3.3

3.1

3.0

2.9

2.8

2.6

2.5

2.4

2.2

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

6.8

6.8

6.8

6.7

6.7

6.7

6.6

6.6

6.6

6.5

6.5

6.4

6.3

6.3

6.2

6.1

6.0

5.9

5.8

5.7

5.6

5.4

5.3

5.2

5.0

4.8

4.7

4.5

4.3

4.1

4.0

3.8

3.6

3.5

3.3

3.2

3.0

2.9

2.7

2.6

2.4

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

7.7

7.7

7.7

7.6

7.6

7.6

7.5

7.5

7.4

7.3

7.3

7.2

7.1

7.0

6.9

6.8

6.7

6.6

6.4

6.3

6.1

6.0

5.8

5.6

5.4

5.2

5.0

4.8

4.6

4.4

4.2

4.0

3.8

3.6

3.4

3.3

3.1

3.0

2.8

2.6

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

8.7

8.6

8.6

8.5

8.5

8.4

8.4

8.3

8.2

8.1

8.1

8.0

7.9

7.7

7.6

7.5

7.3

7.2

7.0

6.8

6.6

6.4

6.2

6.0

5.7

5.5

5.3

5.0

4.8

4.5

4.3

4.1

3.9

3.7

3.5

3.3

3.2

3.0

2.8

2.6

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

9.6

9.5

9.5

9.4

9.3

9.3

9.2

9.1

9.0

8.9

8.8

8.7

8.6

8.4

8.3

8.1

7.9

7.7

7.5

7.3

7.0

6.8

6.5

6.3

6.0

5.7

5.5

5.2

4.9

4.7

4.4

4.2

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Page 70 Publication 939 (December 2022)
Table VIII.—Temporary Life Annuities

One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 11

YEARS

12

YEARS

13

YEARS

14

YEARS

15

YEARS

16

YEARS

17

YEARS

18

YEARS

19

YEARS

20

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

11.0 12.0 13.0 14.0 15.0 16.0 17.0 18.0 19.0 19.9

60

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

11.0

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.9

10.8

10.8

10.8

10.8

10.8

10.8

10.7

10.7

10.7

10.7

10.6

10.6

10.6

10.5

12.0 13.0 14.0 15.0 16.0

16.0

16.0

16.0

16.0

16.0

16.0

16.0

16.0

16.0

16.0

15.9

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

12.0

11.9

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

13.0

12.9

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

14.0

13.9

14.0 15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

15.0

14.9

14.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.9

11.8

11.8

11.8

11.8

11.8

11.8

11.7

11.7

11.7

11.7

11.6

11.6

11.6

11.5

11.5

11.4

11.4

17.0

17.0

17.0

17.0

17.0

17.0

17.0

17.0

16.9

18.0

18.0

18.0

18.0

18.0

17.9

19.0

19.0

18.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.9

19.8

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.9

12.8

12.8

12.8

12.8

12.8

12.8

12.7

12.7

12.7

12.7

12.6

12.6

12.6

12.5

12.5

12.4

12.4

12.3

12.3

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.9

13.8

13.8

13.8

13.8

13.8

13.8

13.7

13.7

13.7

13.7

13.6

13.6

13.6

13.5

13.5

13.4

13.4

13.3

13.3

13.2

13.1

13.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.9

14.8

14.8

14.8

14.8

14.8

14.8

14.7

14.7

14.7

14.7

14.6

14.6

14.6

14.5

14.5

14.4

14.4

14.3

14.3

14.2

14.1

14.0

13.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.9

15.8

15.8

15.8

15.8

15.8

15.8

15.7

15.7

15.7

15.7

15.6

15.6

15.6

15.5

15.5

15.4

15.4

15.3

15.3

15.2

15.1

15.1

15.0

14.9

14.7

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.9

16.8

16.8

16.8

16.8

16.8

16.8

16.7

16.7

16.7

16.7

16.6

16.6

16.6

16.5

16.5

16.4

16.4

16.3

16.3

16.2

16.2

16.1

16.0

15.9

15.8

15.7

15.5

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.9

17.8

17.8

17.8

17.8

17.8

17.8

17.8

17.7

17.7

17.7

17.6

17.6

17.6

17.5

17.5

17.5

17.4

17.4

17.3

17.2

17.2

17.1

17.0

16.9

16.8

16.7

16.6

16.4

16.3

19.8

19.8

19.8

19.8

19.8

19.8

19.7

19.7

19.7

19.7

19.6

19.6

19.6

19.5

19.5

19.4

19.4

19.3

19.3

19.2

19.2

19.1

19.0

18.9

18.8

18.7

18.6

18.4

18.3

18.1

17.9

17.7

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.9

18.8

18.8

18.8

18.8

18.8

18.8

18.8

18.7

18.7

18.7

18.7

18.6

18.6

18.6

18.5

18.5

18.4

18.4

18.3

18.3

18.2

18.1

18.0

18.0

17.9

17.8

17.6

17.5

17.4

17.2

17.0

Publication 939 (December 2022) Page 71
Table VIII.—Temporary Life Annuities

One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 11

YEARS

12

YEARS

13

YEARS

14

YEARS

15

YEARS

16

YEARS

17

YEARS

18

YEARS

19

YEARS

20

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

10.5

10.4

10.3

10.3

10.2

10.1

10.0

9.9

9.8

9.6

9.5

9.4

9.2

9.0

8.8

8.6

8.4

8.2

7.9

7.7

7.4

7.1

6.8

6.5

6.2

5.9

5.6

5.3

5.1

4.8

4.5

4.3

4.0

3.8

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

11.3

11.3

11.2

11.1

11.0

10.9

10.8

10.6

10.5

10.3

10.2

10.0

9.8

9.6

9.4

9.1

8.9

8.6

8.3

8.0

7.7

7.4

7.1

6.7

6.4

6.1

5.8

5.4

5.1

4.9

4.6

4.3

4.1

3.8

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

12.2

12.1

12.0

11.9

11.8

11.6

11.5

11.4

11.2

11.0

10.8

10.6

10.4

10.1

9.9

9.6

9.3

9.0

8.7

8.3

8.0

7.6

7.3

6.9

6.6

6.2

5.9

5.5

5.2

4.9

4.6

4.3

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

13.0

12.9

12.8

12.7

12.5

12.4

12.2

12.0

11.8

11.6

11.4

11.2

10.9

10.6

10.3

10.0

9.7

9.3

9.0

8.6

8.2

7.8

7.4

7.0

6.7

6.3

5.9

5.6

5.3

4.9

4.6

4.4

4.1

3.9

3.6

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

13.8

13.7

13.6

13.4

13.2

13.1

12.9

12.7

12.4

12.2

11.9

11.7

11.4

11.0

10.7

10.3

10.0

9.6

9.2

8.8

8.4

8.0

7.5

7.1

6.7

6.4

6.0

5.6

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

14.6

14.5

14.3

14.1

13.9

13.7

13.5

13.3

13.0

12.7

12.4

12.1

11.8

11.4

11.0

10.6

10.2

9.8

9.4

8.5

8.1

7.6

7.2

6.8

6.4

6.0

5.6

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

9.0

15.4

15.2

15.0

14.8

14.6

14.4

14.1

13.8

13.5

13.2

12.9

12.5

12.1

11.7

11.3

10.9

10.5

10.0

9.5

9.1

8.6

8.2

7.7

7.3

6.8

6.4

6.0

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

16.1

15.9

15.7

15.5

15.2

14.9

14.7

14.3

14.0

13.7

13.3

12.9

12.5

12.0

11.6

11.1

10.6

10.2

9.7

9.2

8.7

8.2

7.8

7.3

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

16.8

16.6

16.3

16.1

15.8

15.5

15.2

14.8

14.4

14.0

13.6

13.2

12.7

12.3

11.8

11.3

10.8

10.3

9.8

9.3

8.8

8.3

7.8

7.3

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

17.5

17.2

17.0

16.7

16.3

16.0

15.6

15.3

14.8

14.4

13.9

13.5

13.0

12.5

12.0

11.4

10.9

10.4

9.8

9.3

8.8

8.3

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Page 72 Publication 939 (December 2022)
Table VIII.—Temporary Life Annuities

One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 21

YEARS

22

YEARS

23

YEARS

24

YEARS

25

YEARS

26

YEARS

27

YEARS

28

YEARS

29

YEARS

30

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.9

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.8

20.7

20.7

20.7

20.7

20.6

20.6

20.6

20.5

20.5

20.4

20.4

20.3

20.2

20.2

20.1

20.0

19.9

19.8

19.7

19.6

19.5

19.3

19.2

19.0

18.8

18.6

21.9 22.9 23.9 24.9 25.9 28.9 29.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

28.9 29.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

28.9 29.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

28.9 29.8

20.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

28.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

28.8

21.9 22.9 23.9 24.9 25.9

26.9 27.9

21.9 22.9 23.9 24.9 25.9

26.9 27.9

21.9 22.9 23.9 24.9 25.9

26.9 27.8

21.9 22.9 23.9 24.9 25.9

26.9

21.9 22.9 23.9 24.9 25.9

26.8

21.9 22.9 23.9 24.9 25.8

21.9 22.9 23.9 24.9

21.9 22.9 23.9 24.8

21.9 22.9 23.9

21.9 22.9 23.8

21.9 22.9

21.9 22.8

21.9

21.8

21.8

21.8

21.8

21.8

21.8

21.8

21.8

21.7

21.7

21.7

21.7

21.6

21.6

21.6

21.5

21.5

21.4

21.4

21.3

21.2

21.1

21.1

21.0

20.9

20.8

20.7

20.6

20.4

20.3

20.1

19.9

19.7

19.5

19.3

21.3

22.8

22.8

22.8

22.8

22.8

22.8

22.8

22.7

22.7

22.7

22.7

22.7

22.6

22.6

22.6

22.5

22.5

22.4

22.4

22.3

22.2

22.2

22.1

22.0

21.9

21.8

21.7

21.6

21.5

21.4

21.2

21.0

20.8

20.6

20.4

20.2

19.9

23.8

23.8

23.8

23.8

23.8

23.8

23.8

23.7

23.7

23.7

23.7

23.7

23.6

23.6

23.6

23.5

23.5

23.4

23.4

23.3

23.3

23.2

23.2

23.1

23.0

22.9

22.8

22.7

22.6

22.4

22.3

22.1

22.0

21.8

21.6

21.3

21.1

20.8

20.5

24.8

24.8

24.8

24.8

24.8

24.8

24.8

24.8

24.7

24.7

24.7

24.7

24.6

24.6

24.6

24.6

24.5

24.5

24.4

24.4

24.3

24.3

24.2

24.1

24.0

24.0

23.9

23.8

23.6

23.5

23.4

23.2

23.1

22.9

22.7

22.5

22.2

22.0

21.7

21.4

21.1

25.8

25.8

25.8

25.8

25.8

25.8

25.8

25.8

25.7

25.7

25.7

25.7

25.7

25.6

25.6

25.6

25.5

25.5

25.5

25.4

25.4

25.3

25.2

25.2

25.1

25.0

24.9

24.8

24.7

24.6

24.5

24.3

24.2

24.0

23.8

23.6

23.4

23.2

22.9

22.6

22.3

21.9

21.6

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.8

26.7

26.7

26.7

26.7

26.7

26.6

26.6

26.6

26.6

26.5

26.5

26.4

26.4

26.3

26.3

26.2

26.1

26.1

26.0

25.9

25.8

25.7

25.6

25.4

25.3

25.1

25.0

24.8

24.6

24.3

24.1

23.8

23.5

23.2

22.8

22.5

22.0

27.8

27.8

27.8

27.8

27.8

27.8

27.8

27.8

27.8

27.7

27.7

27.7

27.7

27.7

27.6

27.6

27.6

27.5

27.5

27.5

27.4

27.4

27.3

27.3

27.2

27.1

27.0

27.0

26.9

26.8

26.6

26.5

26.4

26.2

26.1

25.9

25.7

25.5

25.3

25.0

24.7

24.4

24.1

23.7

23.4

22.9

22.5

28.8

28.8

28.8

28.8

28.8

28.8

28.8

28.8

28.8

28.7

28.7

28.7

28.7

28.7

28.6

28.6

28.6

28.6

28.5

28.5

28.4

28.4

28.4

28.3

28.2

28.2

28.1

28.0

27.9

27.8

27.7

27.6

27.5

27.3

27.2

27.0

26.8

26.6

26.4

26.2

25.9

25.7

25.3

25.0

24.6

24.3

23.8

23.4

22.9

29.8

29.8

29.8

29.8

29.8

29.8

29.8

29.8

29.8

29.7

29.7

29.7

29.7

29.7

29.7

29.6

29.6

29.6

29.5

29.5

29.5

29.4

29.4

29.3

29.3

29.2

29.2

29.1

29.0

28.9

28.8

28.7

28.6

28.5

28.3

28.2

28.0

27.8

27.6

27.4

27.1

26.9

26.6

26.3

25.9

25.6

25.2

24.7

24.3

23.8

23.2

Publication 939 (December 2022) Page 73
Table VIII.—Temporary Life Annuities

 One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 21

YEARS

22

YEARS

23

YEARS

24

YEARS

25

YEARS

26

YEARS

27

YEARS

28

YEARS

29

YEARS

30

YEARS

60 18.4 19.0 19.6 20.2 20.7 21.2 21.6 22.0 22.4 22.7

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

18.1

17.8

17.5

17.2

16.8

16.5

16.1

15.6

15.2

14.7

14.2

13.7

13.2

12.6

12.1

11.5

11.0

10.4

9.9

9.4

8.8

8.3

7.8

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

18.7

18.4

18.1

17.7

17.3

16.9

16.4

16.0

15.5

15.0

14.4

13.9

13.3

12.8

12.2

11.6

11.1

10.5

9.9

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

19.3

18.9

18.5

18.1

17.7

17.3

16.8

16.3

15.7

15.2

14.6

14.1

13.5

12.9

12.3

11.7

11.1

10.5

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

19.8

19.4

19.0

18.6

18.1

17.6

17.1

16.5

16.0

15.4

14.8

14.2

13.6

13.0

12.4

11.8

11.2

10.6

10.0

9.4

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

20.3

19.9

19.4

18.9

18.4

17.9

17.3

16.7

16.1

15.5

14.9

14.3

13.7

13.0

12.4

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

20.7

20.3

19.8

19.3

18.7

18.1

17.5

16.9

16.3

15.7

15.0

14.4

13.7

13.1

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

21.1

20.6

20.1

19.5

18.9

18.3

17.7

17.1

16.4

15.8

15.1

14.4

13.8

13.1

12.5

11.8

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

21.5

21.0

20.4

19.8

19.2

18.5

17.9

17.2

16.5

15.8

15.2

14.5

13.8

13.1

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

21.8

21.2

20.6

20.0

19.3

18.7

18.0

17.3

16.6

15.9

15.2

14.5

13.8

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

22.1

21.5

20.8

20.2

19.5

18.8

18.1

17.4

16.7

15.9

15.2

14.5

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

Page 74 Publication 939 (December 2022)
Table VIII.—Temporary Life Annuities

One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 31

YEARS

32

YEARS

33

YEARS

34

YEARS

35

YEARS

36

YEARS

37

YEARS

38

YEARS

39

YEARS

40

YEARS

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

30.8 31.8 32.8 33.8 34.8 35.8 36.8 37.7 38.7 39.7

60

30.8

30.8

30.8

30.8

30.8

30.8

30.8

30.8

30.8

30.8

30.8

30.7

30.7

30.7

30.7

30.7

30.6

30.6

30.6

30.6

30.5

30.5

30.5

30.4

30.4

30.3

30.3

30.2

30.1

30.1

30.0

29.9

29.8

29.7

29.6

29.4

29.3

29.1

28.9

28.8

28.5

28.3

28.1

27.8

27.5

27.2

26.8

26.5

26.1

25.6

25.2

24.7

24.1

23.6

23.0

31.8

31.8

31.8

31.8

31.8

31.8

31.8

31.8

31.8

31.7

31.7

31.7

31.7

31.7

31.7

31.6

31.6

31.6

31.5

31.5

31.5

31.4

31.4

31.4

31.3

31.2

31.2

31.1

31.0

31.0

30.9

30.8

30.7

30.5

30.4

30.2

30.1

29.9

29.7

29.5

29.3

29.0

28.7

28.4

28.1

27.8

27.4

27.0

26.5

26.1

25.6

25.0

24.4

23.8

23.2

32.8

32.8

32.8

32.8

32.8

32.8

32.8

32.7

32.7

32.7

32.7

32.7

32.7

32.6

32.6

32.6

32.6

32.5

32.5

32.5

32.4

32.4

32.3

32.3

32.2

32.2

32.1

32.0

31.9

31.8

31.7

31.6

31.5

31.4

31.2

31.0

30.9

30.7

30.5

30.2

30.0

29.7

29.4

29.0

28.7

28.3

27.9

27.4

27.0

26.5

25.9

25.3

24.7

24.1

23.4

33.8

33.8

33.8

33.8

33.8

33.8

33.7

33.7

33.7

33.7

33.7

33.7

33.6

33.6

33.6

33.6

33.5

33.5

33.5

33.4

33.4

33.3

33.3

33.2

33.1

33.1

33.0

32.9

32.8

32.7

32.6

32.5

32.3

32.2

32.0

31.8

31.6

31.4

31.2

30.9

30.6

30.3

30.0

29.6

29.2

28.8

28.4

27.9

27.4

26.8

26.2

25.6

25.0

24.3

23.6

34.8

34.8

34.8

34.8

34.7

34.7

34.7

34.7

34.7

34.7

34.6

34.6

34.6

34.6

34.5

34.5

34.5

34.4

34.4

34.3

34.3

34.2

34.2

34.1

34.1

34.0

33.9

33.8

33.7

33.6

33.5

33.3

33.2

33.0

32.8

32.6

32.4

32.1

31.9

31.6

31.3

30.9

30.6

30.2

29.7

29.3

28.8

28.3

27.7

27.1

26.5

25.8

25.2

24.4

23.7

35.8

35.8

35.7

35.7

35.7

35.7

35.7

35.7

35.7

35.6

35.6

35.6

35.6

35.5

35.5

35.5

35.4

35.4

35.3

35.3

35.2

35.2

35.1

35.0

35.0

34.9

34.8

34.7

34.6

34.4

34.3

34.1

34.0

33.8

33.6

33.3

33.1

32.8

32.5

32.2

31.9

31.5

31.1

30.7

30.2

29.7

29.2

28.6

28.0

27.4

26.7

26.0

25.3

24.6

23.8

36.8

36.7

36.7

36.7

36.7

36.7

36.7

36.6

36.6

36.6

36.6

36.5

36.5

36.5

36.4

36.4

36.4

36.3

36.3

36.2

36.2

36.1

36.0

35.9

35.8

35.8

35.6

35.5

35.4

35.3

35.1

34.9

34.7

34.5

34.3

34.1

33.8

33.5

33.2

32.8

32.4

32.0

31.6

31.1

30.6

30.1

29.5

28.9

28.3

27.6

26.9

26.2

25.5

24.7

23.9

37.7

37.7

37.7

37.7

37.7

37.7

37.6

37.6

37.6

37.6

37.5

37.5

37.5

37.4

37.4

37.4

37.3

37.3

37.2

37.1

37.1

37.0

36.9

36.8

36.7

36.6

36.5

36.4

36.2

36.1

35.9

35.7

35.5

35.3

35.0

34.7

34.4

34.1

33.8

33.4

33.0

32.5

32.1

31.5

31.0

30.4

29.8

29.2

28.5

27.8

27.1

26.3

25.6

24.8

24.0

38.7

38.7

38.7

38.7

38.6

38.6

38.6

38.6

38.6

38.5

38.5

38.5

38.4

38.4

38.3

38.3

38.2

38.2

38.1

38.1

38.0

37.9

37.8

37.7

37.6

37.5

37.4

37.2

37.1

36.9

36.7

36.5

36.2

36.0

35.7

35.4

35.1

34.7

34.3

33.9

33.5

33.0

32.5

31.9

31.4

30.7

30.1

29.4

28.7

28.0

27.2

26.5

25.7

24.9

24.0

39.7

39.7

39.7

39.6

39.6

39.6

39.6

39.5

39.5

39.5

39.4

39.4

39.4

39.3

39.3

39.2

39.2

39.1

39.0

39.0

38.9

38.8

38.7

38.6

38.5

38.3

38.2

38.0

37.9

37.7

37.4

37.2

37.0

36.7

36.4

36.0

35.7

35.3

34.9

34.4

33.9

33.4

32.9

32.3

31.7

31.0

30.3

29.6

28.9

28.1

27.3

26.5

25.7

24.9

24.1

Publication 939 (December 2022) Page 75
Table VIII.—Temporary Life Annuities

 One Life—Expected Return Multiples

(See footnote at end of tables) 

Temporary Period—Maximum Duration of Annuity

AGE 31

YEARS

32

YEARS

33

YEARS

34

YEARS

35

YEARS

36

YEARS

37

YEARS

38

YEARS

39

YEARS

40

YEARS

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

22.3

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

22.5

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

22.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

22.9

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.0

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.1

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.1

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.2

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.2

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

23.3

7.4

6.9

6.5

6.1

5.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

3.4

3.2

3.0

2.8

2.7

2.5

2.3

2.1

1.9

1.8

1.6

1.4

1.3

1.1

1.0

.9

.8

.7

.6

.5

5.3

5.0

4.7

4.4

4.1

3.9

3.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

5.3

5.0

4.7

4.4

4.1

3.9

3.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

6.9

6.5

6.1

5.7

21.7

21.0

20.3

19.6

18.9

18.2

17.4

16.7

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

21.9

21.1

20.4

19.7

19.0

18.2

17.5

16.7

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.0

21.3

20.5

19.8

19.0

18.3

17.5

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.1

21.4

20.6

19.8

19.1

18.3

17.5

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.2

21.4

20.6

19.9

19.1

18.3

17.5

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.3

21.5

20.7

19.9

19.1

18.3

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.3

21.5

20.7

19.9

19.1

18.3

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.4

21.6

20.7

19.9

19.1

18.3

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.4

21.6

20.8

19.9

19.1

18.4

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

7.4

22.4

21.6

20.8

19.1

18.4

17.6

16.8

16.0

15.3

14.6

13.9

13.2

12.5

11.9

11.2

10.6

10.0

9.5

8.9

8.4

7.9

20.0

The multiples in this table are not applicable to annuities for a term certain; for such cases, see sec. 1.72-5(c) of the Income Tax Regulations.

Page 76 Publication 939 (December 2022)
Requesting a Ruling on

Taxation of Annuity

If you are a retiree, or the survivor of an employee or retiree, you may ask the IRS to help you determine the taxation of your annuity. If you make this request, you are asking for a letter ruling.

Letter ruling. A letter ruling is a written statement issued 

to a taxpayer by the IRS that interprets and applies the tax 

laws or any nontax laws applicable to the taxpayer's specific set of facts.

User fee. Federal law and policy requires the IRS to 

charge a user fee for all ruling requests. Ruling requests 

must be accompanied by the appropriate user fee. Before 

submitting a ruling request, you should consider requesting a pre-submission conference to clarify which office 

should receive your request. The question of which office 

issues the ruling is important because the applicable user 

fee depends on which office handles the issue.

A request solely for the value of the refund feature 

isn't treated as a ruling request and requires no 

fee.

Ruling request for help determining the exclusion ratio. If you are submitting a ruling request for help with determining the exclusion ratio, you would follow the guidance provided in Revenue Procedure 2022-4, section 6 

(or subsequent revenue procedure), which is available at 

IRS.gov/irb/2022-01_IRB#REV-PROC-2022-4.

If the ruling request is submitted under Revenue Procedure 2022‐4, the user fee must be paid by check and be 

included with the ruling request. Make your check payable 

to "United States Treasury" for the full amount due. Don't 

send cash.

Ruling requests submitted under Revenue Procedure 2022‐4 should be mailed to:

Internal Revenue Service

Attn: EP Letter Rulings

P.O. Box 12192

TE/GE Stop 31A, Team 105

Covington, KY 41012-0192

Ruling request for an issue other than the exclusion 

ratio. Guidance on submitting a ruling request for help 

with determining an issue with your pension or annuity, 

other than the exclusion ratio, is provided in Revenue Procedure 2022‐1, section 5.15(.01) and section 7.04 (or subsequent revenue procedure), which is available at 

IRS.gov/irb/2022‐01_IRB.

If the ruling request is submitted under Revenue Procedure 2022‐1, the user fee must be paid using 

www.pay.gov.

TIP

Ruling requests submitted under Revenue Procedure 2022‐1 should be sent to the following address, if a private delivery service is used:

Internal Revenue Service

Attn: CC:PA:LPD:TSS, Room 5336

1111 Constitution Ave. NW

Washington, DC 20224

Ruling requests submitted under Revenue Procedure 2022‐1 should be sent to the following address, if a private delivery service isn’t used:

Internal Revenue Service

Attn: CC:PA:LPD:TSS

P.O. Box 7604

Ben Franklin Station

Washington, DC 20044

Ruling requests submitted under Revenue Procedure 2022‐1 can also be hand delivered to the 

IRS at 1111 Constitution Ave., NW, Washington, 

DC. If hand delivered, the package should be addressed 

to:

Courier’s Desk

Internal Revenue Service

Attn: CC:PA:LPD:TSS, Room 5336

1111 Constitution Ave. NW

Washington, DC 20224

Ruling requests when the issue includes the exclusion ratio and another matter. If your issue concerns 

the exclusion ratio and another matter, you can use the 

procedures in either Revenue Procedure 2022‐1 or Revenue Procedure 2022‐4 to request a ruling; however, depending on the nature of the issues you may be asked to 

revise the request to send it to another office. Before submitting a ruling request, you should consider requesting a 

pre‐submission conference to clarify which office should 

receive your request. The question of which office issues 

the ruling is important because the applicable user fee depends on which office handles the issue. A pre‐submission conference can be held in person or by telephone 

and can be requested by calling 202-317‐6000.

Note. The IRS issues updated guidance annually on 

how to submit a ruling request and the user fee.

When to make the request. Please note that requests 

sent between February 1 and April 15 may experience 

some delay. We process requests in the order received, 

and we will reply to your request as soon as we can process it. If you don't receive your ruling by the required filing 

date, you may use Form 4868, Application for Automatic 

Extension of Time To File U.S. Individual Income Tax Return, to get an extension of time to file.

Publication 939 (December 2022) Page 77
If you don't pay the tax due by the regular due 

date (April 15 for most taxpayers), you will owe interest. You may also be charged penalties for failure to pay timely.

Information you must furnish. You must furnish the information listed below so the IRS can comply with your request. Failure to furnish the information will result in a delay in processing your request. Please send only copies of 

the following documents, as the IRS retains all material 

sent for its records.

1. A letter explaining the question(s) you wish to have 

resolved or the information you need from the ruling.

2. Copies of any documents showing distributions, annuity rates, and annuity options available to you.

3. A copy of any Form 1099-R you received since your 

annuity began.

CAUTION

!

4. A statement indicating whether you have filed your return for the year for which you are making the request. 

If you have requested an extension of time to file that 

return, please indicate the extension date.

5. Your daytime phone number.

6. Your current mailing address.

7. A power of attorney if someone other than you, an attorney, a certified public accountant, or an enrolled 

agent is signing this request. Form 2848, Power of Attorney and Declaration of Representative, may be 

used for this purpose.

8. A completed Tax Information Sheet (or facsimile) 

shown on the next page. Sign and date the Disclosure 

and Perjury Statement (or facsimile) at the end of the 

tax information sheet. This statement must be signed 

by the retiree or the survivor annuitant. It can't be 

signed by a representative.

Page 78 Publication 939 (December 2022)
Tax Information Sheet

1)

a)

b)

c)

d)

e)

f)

g)

General Information For All Requests

Name of taxpayer:

Address:

Daytime phone number: ( )

Organization providing annuity or pension:

Annuity starting date: Month Day Year

Total taxed contributions

Taxed contributions after June 1986*

$

* Employees in many retirement systems stopped paying taxes on contributions before July 1, 1986. Please indicate if this applies to you. If this 

doesn’t apply and you are unable to furnish the amount for g) above, please indicate that you are electing under section 1.72-9 of the Federal 

Income Tax Regulations to treat your entire cost of the contract as a post-June 1986 cost.

$

h)

i)

k)

l)

(1)

(2)

(3)

(4)

(5)

Was the employee (or retiree) a nonresident alien at any time during their

employment on which the annuity is gured? (If yes, explain.)

Is the annuity for life or for a specied period? (Explain.)

Is the annuity a disability retirement annuity?

If yes, when would you be eligible for retirement, had you not been disabled?

If you elected to receive a modied annuity in order to receive a lump-sum payment or other benet, indicate:

Date you made election 

Date of payment(s) Type Amount

Annuity rate before election

Annuity rate after election

Amount of any deposit or redeposit of contributions you were deemed to 

have made

Yes

Yes

$

$

/ /

/ /

2) For retired annuitant

a)

b)

c)

d)

e)

f)

Your date of birth: Month Day Year

Survivor annuitant’s name 

Your social security number

Your sex: Female Male

Your gross monthly annuity

Survivor’s potential monthly annuity

Month Day Year

$

$

3) For survivors of deceased employees or retirees

a)

b)

Complete the following:

Name

Social security number

Sex (F or M)

Date of birth

Monthly annuity rate

Other amounts payable

Surviving spouse Child Other

At the time of death, the decedent was (check one):

Retired on disability Retired on non-disability Still employed

$ $ $

/ / / / / /

NOTE: Be sure to sign the statement on the back.

Is there a feature that guarantees that a certain minimum amount will be paid 

under the contract, even if the annuitant(s) should die before that amount has 

been paid?

If yes, how much is guaranteed?

j)

Yes No

No

No

$

and date of birth:

Publication 939 (December 2022) Page 79
How To Get Tax Help

If you have questions about a tax issue; need help preparing your tax return; or want to download free publications, 

forms, or instructions, go to IRS.gov to find resources that 

can help you right away.

Preparing and filing your tax return. After receiving all 

your wage and earnings statements (Forms W-2, W-2G, 

1099-R, 1099-MISC, 1099-NEC, etc.); unemployment 

compensation statements (by mail or in a digital format) or 

other government payment statements (Form 1099-G); 

and interest, dividend, and retirement statements from 

banks and investment firms (Forms 1099), you have several options to choose from to prepare and file your tax return. You can prepare the tax return yourself, see if you 

qualify for free tax preparation, or hire a tax professional to 

prepare your return.

Tax Information Sheet

4) Yes No

Page 2

Have you led your return for the year for which you are making this request?

5) a) Have you requested an extension of time to le your return? Yes No

b) If yes, indicate the extension date

If more space is required for any item, use this.

REQUIRED FOR ALL REQUESTS

6) Disclosure and Perjury Statement: Sign and Date.

I hereby advise that no deletions need be made under the provisions of section 6110(c) of the Internal 

Revenue Code, except my name, address, and social security number, in regard to the ruling request made 

on my behalf.

Further, under the penalties of perjury, I declare that I have examined this request, including accompanying 

documents, and, to the best of my knowledge and belief, the facts presented in support of the requested 

ruling are true, correct, and complete.

Signature of Taxpayer Date Page 80 Publication 939 (December 2022)
Free options for tax preparation. Go to IRS.gov to see 

your options for preparing and filing your return online or 

in your local community, if you qualify, which include the 

following.

• Free File. This program lets you prepare and file your 

federal individual income tax return for free using 

brand-name tax-preparation-and-filing software or 

Free File fillable forms. However, state tax preparation 

may not be available through Free File. Go to IRS.gov/

FreeFile to see if you qualify for free online federal tax 

preparation, e-filing, and direct deposit or payment options.

• VITA. The Volunteer Income Tax Assistance (VITA) 

program offers free tax help to people with 

low-to-moderate incomes, persons with disabilities, 

and limited-English-speaking taxpayers who need 

help preparing their own tax returns. Go to IRS.gov/

VITA, download the free IRS2Go app, or call 

800-906-9887 for information on free tax return preparation.

• TCE. The Tax Counseling for the Elderly (TCE) program offers free tax help for all taxpayers, particularly 

those who are 60 years of age and older. TCE volunteers specialize in answering questions about pensions and retirement-related issues unique to seniors. 

Go to IRS.gov/TCE, download the free IRS2Go app, 

or call 888-227-7669 for information on free tax return 

preparation.

• MilTax. Members of the U.S. Armed Forces and 

qualified veterans may use MilTax, a free tax service 

offered by the Department of Defense through Military 

OneSource. For more information, go to 

MilitaryOneSource (MilitaryOneSource.mil/MilTax).

Also, the IRS offers Free Fillable Forms, which can 

be completed online and then filed electronically regardless of income.

Using online tools to help prepare your return. Go to 

IRS.gov/Tools for the following.

• The Earned Income Tax Credit Assistant (IRS.gov/

EITCAssistant) determines if you’re eligible for the 

earned income credit (EIC).

• The Online EIN Application (IRS.gov/EIN) helps you 

get an employer identification number (EIN) at no 

cost.

• The Tax Withholding Estimator (IRS.gov/W4app) 

makes it easier for you to estimate the federal income 

tax you want your employer to withhold from your paycheck. This is tax withholding. See how your withholding affects your refund, take-home pay, or tax due.

• The First-Time Homebuyer Credit Account Look-up 

(IRS.gov/HomeBuyer) tool provides information on 

your repayments and account balance.

• The Sales Tax Deduction Calculator (IRS.gov/

SalesTax) figures the amount you can claim if you 

itemize deductions on Schedule A (Form 1040).

Getting answers to your tax questions. On 

IRS.gov, you can get up-to-date information on 

current events and changes in tax law.

• IRS.gov/Help: A variety of tools to help you get answers to some of the most common tax questions.

• IRS.gov/ITA: The Interactive Tax Assistant, a tool that 

will ask you questions and, based on your input, provide answers on a number of tax law topics.

• IRS.gov/Forms: Find forms, instructions, and publications. You will find details on the most recent tax 

changes and interactive links to help you find answers 

to your questions.

• You may also be able to access tax law information in 

your electronic filing software.

Need someone to prepare your tax return? There are 

various types of tax return preparers, including enrolled 

agents, certified public accountants (CPAs), accountants, 

and many others who don’t have professional credentials. 

If you choose to have someone prepare your tax return, 

choose that preparer wisely. A paid tax preparer is:

• Primarily responsible for the overall substantive accuracy of your return,

• Required to sign the return, and

• Required to include their preparer tax identification 

number (PTIN).

Although the tax preparer always signs the return, 

you're ultimately responsible for providing all the information required for the preparer to accurately prepare your 

return. Anyone paid to prepare tax returns for others 

should have a thorough understanding of tax matters. For 

more information on how to choose a tax preparer, go to 

Tips for Choosing a Tax Preparer on IRS.gov.

Coronavirus. Go to IRS.gov/Coronavirus for links to information on the impact of the coronavirus, as well as tax 

relief available for individuals and families, small and large 

businesses, and tax-exempt organizations.

Employers can register to use Business Services Online. The Social Security Administration (SSA) offers online service at SSA.gov/employer for fast, free, and secure 

online W-2 filing options to CPAs, accountants, enrolled 

agents, and individuals who process Form W-2, Wage 

and Tax Statement, and Form W-2c, Corrected Wage and 

Tax Statement.

IRS social media. Go to IRS.gov/SocialMedia to see the 

various social media tools the IRS uses to share the latest 

information on tax changes, scam alerts, initiatives, products, and services. At the IRS, privacy and security are 

our highest priority. We use these tools to share public information with you. Don’t post your social security number 

(SSN) or other confidential information on social media 

sites. Always protect your identity when using any social 

networking site.

Publication 939 (December 2022) Page 81
The following IRS YouTube channels provide short, informative videos on various tax-related topics in English, 

Spanish, and ASL.

• Youtube.com/irsvideos.

• Youtube.com/irsvideosmultilingua.

• Youtube.com/irsvideosASL.

Watching IRS videos. The IRS Video portal 

(IRSVideos.gov) contains video and audio presentations 

for individuals, small businesses, and tax professionals.

Online tax information in other languages. You can 

find information on IRS.gov/MyLanguage if English isn’t 

your native language.

Free Over-the-Phone Interpreter (OPI) Service. The 

IRS is committed to serving our multilingual customers by 

offering OPI services. The OPI Service is a federally funded program and is available at Taxpayer Assistance 

Centers (TACs), other IRS offices, and every VITA/TCE 

return site. The OPI Service is accessible in more than 

350 languages.

Accessibility Helpline available for taxpayers with 

disabilities. Taxpayers who need information about accessibility services can call 833-690-0598. The Accessibility Helpline can answer questions related to current and 

future accessibility products and services available in alternative media formats (for example, braille, large print, 

audio, etc.). The Accessibility Helpline does not have access to your IRS account. For help with tax law, refunds, 

or account-related issues, go to IRS.gov/LetUsHelp.

Note. Form 9000, Alternative Media Preference, or 

Form 9000(SP) allows you to elect to receive certain types 

of written correspondence in the following formats.

• Standard Print.

• Large Print.

• Braille.

• Audio (MP3).

• Plain Text File (TXT).

• Braille Ready File (BRF).

Disasters. Go to Disaster Assistance and Emergency 

Relief for Individuals and Businesses to review the available disaster tax relief.

Getting tax forms and publications. Go to IRS.gov/

Forms to view, download, or print all the forms, instructions, and publications you may need. Or, you can go to 

IRS.gov/OrderForms to place an order.

Getting tax publications and instructions in eBook 

format. You can also download and view popular tax 

publications and instructions (including the Instructions for 

Form 1040) on mobile devices as eBooks at IRS.gov/

eBooks.

Note. IRS eBooks have been tested using Apple's 

iBooks for iPad. Our eBooks haven’t been tested on other 

dedicated eBook readers, and eBook functionality may 

not operate as intended.

Access your online account (individual taxpayers 

only). Go to IRS.gov/Account to securely access information about your federal tax account.

• View the amount you owe and a breakdown by tax 

year.

• See payment plan details or apply for a new payment 

plan.

• Make a payment or view 5 years of payment history 

and any pending or scheduled payments.

• Access your tax records, including key data from your 

most recent tax return, and transcripts.

• View digital copies of select notices from the IRS.

• Approve or reject authorization requests from tax professionals.

• View your address on file or manage your communication preferences.

Tax Pro Account. This tool lets your tax professional 

submit an authorization request to access your individual 

taxpayer IRS online account. For more information, go to 

IRS.gov/TaxProAccount.

Using direct deposit. The fastest way to receive a tax 

refund is to file electronically and choose direct deposit, 

which securely and electronically transfers your refund directly into your financial account. Direct deposit also 

avoids the possibility that your check could be lost, stolen, 

destroyed, or returned undeliverable to the IRS. Eight in 

10 taxpayers use direct deposit to receive their refunds. If 

you don’t have a bank account, go to IRS.gov/

DirectDeposit for more information on where to find a 

bank or credit union that can open an account online.

Getting a transcript of your return. The quickest way 

to get a copy of your tax transcript is to go to IRS.gov/

Transcripts. Click on either “Get Transcript Online” or “Get 

Transcript by Mail” to order a free copy of your transcript. 

If you prefer, you can order your transcript by calling 

800-908-9946.

Reporting and resolving your tax-related identity 

theft issues. 

• Tax-related identity theft happens when someone 

steals your personal information to commit tax fraud. 

Your taxes can be affected if your SSN is used to file a 

fraudulent return or to claim a refund or credit.

• The IRS doesn’t initiate contact with taxpayers by 

email, text messages (including shortened links), telephone calls, or social media channels to request or 

verify personal or financial information. This includes 

requests for personal identification numbers (PINs), 

passwords, or similar information for credit cards, 

banks, or other financial accounts.

• Go to IRS.gov/IdentityTheft, the IRS Identity Theft 

Central webpage, for information on identity theft and 

Page 82 Publication 939 (December 2022)
data security protection for taxpayers, tax professionals, and businesses. If your SSN has been lost or 

stolen or you suspect you’re a victim of tax-related 

identity theft, you can learn what steps you should 

take.

• Get an Identity Protection PIN (IP PIN). IP PINs are 

six-digit numbers assigned to taxpayers to help prevent the misuse of their SSNs on fraudulent federal income tax returns. When you have an IP PIN, it prevents someone else from filing a tax return with your 

SSN. To learn more, go to IRS.gov/IPPIN.

Ways to check on the status of your refund. 

• Go to IRS.gov/Refunds.

• Download the official IRS2Go app to your mobile device to check your refund status.

• Call the automated refund hotline at 800-829-1954.

Note. The IRS can’t issue refunds before mid-February for returns that claimed the EIC or the additional child 

tax credit (ACTC). This applies to the entire refund, not 

just the portion associated with these credits.

Making a tax payment. Go to IRS.gov/Payments for information on how to make a payment using any of the following options.

• IRS Direct Pay: Pay your individual tax bill or estimated tax payment directly from your checking or savings account at no cost to you.

• Debit or Credit Card: Choose an approved payment 

processor to pay online or by phone.

• Electronic Funds Withdrawal: Schedule a payment 

when filing your federal taxes using tax return preparation software or through a tax professional.

• Electronic Federal Tax Payment System: Best option 

for businesses. Enrollment is required.

• Check or Money Order: Mail your payment to the address listed on the notice or instructions.

• Cash: You may be able to pay your taxes with cash at 

a participating retail store.

• Same-Day Wire: You may be able to do same-day 

wire from your financial institution. Contact your financial institution for availability, cost, and time frames.

Note. The IRS uses the latest encryption technology to 

ensure that the electronic payments you make online, by 

phone, or from a mobile device using the IRS2Go app are 

safe and secure. Paying electronically is quick, easy, and 

faster than mailing in a check or money order.

What if I can’t pay now? Go to IRS.gov/Payments for 

more information about your options.

• Apply for an online payment agreement (IRS.gov/

OPA) to meet your tax obligation in monthly installments if you can’t pay your taxes in full today. Once 

you complete the online process, you will receive immediate notification of whether your agreement has 

been approved.

• Use the Offer in Compromise Pre-Qualifier to see if 

you can settle your tax debt for less than the full 

amount you owe. For more information on the Offer in 

Compromise program, go to IRS.gov/OIC.

Filing an amended return. Go to IRS.gov/Form1040X 

for information and updates.

Checking the status of your amended return. Go to 

IRS.gov/WMAR to track the status of Form 1040-X amended returns.

Note. It can take up to 3 weeks from the date you filed 

your amended return for it to show up in our system, and 

processing it can take up to 16 weeks.

Understanding an IRS notice or letter you’ve received. Go to IRS.gov/Notices to find additional information about responding to an IRS notice or letter.

Note. You can use Schedule LEP (Form 1040), Request for Change in Language Preference, to state a preference to receive notices, letters, or other written communications from the IRS in an alternative language. You 

may not immediately receive written communications in 

the requested language. The IRS’s commitment to LEP 

taxpayers is part of a multi-year timeline that is scheduled 

to begin providing translations in 2023. You will continue 

to receive communications, including notices and letters 

in English until they are translated to your preferred language.

Contacting your local IRS office. Keep in mind, many 

questions can be answered on IRS.gov without visiting an 

IRS TAC. Go to IRS.gov/LetUsHelp for the topics people 

ask about most. If you still need help, IRS TACs provide 

tax help when a tax issue can’t be handled online or by 

phone. All TACs now provide service by appointment, so 

you’ll know in advance that you can get the service you 

need without long wait times. Before you visit, go to 

IRS.gov/TACLocator to find the nearest TAC and to check 

hours, available services, and appointment options. Or, 

on the IRS2Go app, under the Stay Connected tab, 

choose the Contact Us option and click on “Local Offices.”

The Taxpayer Advocate Service (TAS) 

Is Here To Help You

What Is TAS?

TAS is an independent organization within the IRS that 

helps taxpayers and protects taxpayer rights. Their job is 

to ensure that every taxpayer is treated fairly and that you 

know and understand your rights under the Taxpayer Bill 

of Rights.

Publication 939 (December 2022) Page 83
How Can You Learn About Your Taxpayer 

Rights?

The Taxpayer Bill of Rights describes 10 basic rights that 

all taxpayers have when dealing with the IRS. Go to 

TaxpayerAdvocate.IRS.gov to help you understand what 

these rights mean to you and how they apply. These are 

your rights. Know them. Use them.

What Can TAS Do for You?

TAS can help you resolve problems that you can’t resolve 

with the IRS. And their service is free. If you qualify for 

their assistance, you will be assigned to one advocate 

who will work with you throughout the process and will do 

everything possible to resolve your issue. TAS can help 

you if:

• Your problem is causing financial difficulty for you, 

your family, or your business;

• You face (or your business is facing) an immediate 

threat of adverse action; or

• You’ve tried repeatedly to contact the IRS but no one 

has responded, or the IRS hasn’t responded by the 

date promised.

How Can You Reach TAS?

TAS has offices in every state, the District of Columbia, 

and Puerto Rico. Your local advocate’s number is in your 

local directory and at TaxpayerAdvocate.IRS.gov/

Contact-Us. You can also call them at 877-777-4778.

How Else Does TAS Help Taxpayers?

TAS works to resolve large-scale problems that affect 

many taxpayers. If you know of one of these broad issues, 

report it to them at IRS.gov/SAMS.

TAS for Tax Professionals

TAS can provide a variety of information for tax professionals, including tax law updates and guidance, TAS programs, and ways to let TAS know about systemic problems you’ve seen in your practice.

Low Income Taxpayer Clinics (LITCs)

LITCs are independent from the IRS. LITCs represent individuals whose income is below a certain level and need 

to resolve tax problems with the IRS, such as audits, appeals, and tax collection disputes. In addition, LITCs can 

provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Services are offered for free or 

a small fee for eligible taxpayers. To find an LITC near 

you, go to TaxpayerAdvocate.IRS.gov/about-us/LowIncome-Taxpayer-Clinics-LITC or see IRS Pub. 4134, Low 

Income Taxpayer Clinic List.

Page 84 Publication 939 (December 2022)
To help us develop a more useful index, please let us know if you have ideas for index entries.

Index See “Comments and Suggestions” in the “Introduction” for the ways you can reach us.

A

Actuarial Tables 14-76

How to use 10

Unisex 10

Adjustments to total cost 4

Annuity starting date 4

Assistance (See Tax help)

D

Death benefit exclusion 5

E

Election:

Post-June 1986 contributions 11

Pre-July 1986 contributions 10

Employment abroad 4

Exclusion limited to net cost 9

Exclusion not limited to net cost 9

Exclusion ratio 7

Expected return 6

F

Fixed period annuity 3, 6

Foreign employment 4

G

General Rule:

Who must use the 2

H

Help from IRS 2, 4, 6, 77

I

Increase in payments 8

Investment in the contract 4

J

Joint and survivor annuities 3, 7

L

Letter ruling 77

N

Net cost 5

Nonqualified employee plans 4

P

Part-year payments 8

Periodic payments, taxation of 4

Publications (See Tax help)

Q

Qualified plans 2

R

Refund feature 5

Ruling request 4, 77

S

Single life annuity 6

Survivor annuities 7

T

Tax help 80

Taxable part of annuity:

How to compute the 7

Worksheets 12, 13

Types of pensions and annuities 3

U

User fee 77

V

Variable annuities 3, 9

W

Withholding of tax 4

Publication 939 (December 2022) Page 85