Refunds of federal income taxes are never taxable because the taxes were not deductible. Refunds of state income taxes may or may not be deductible. It depends on whether the taxpayer itemized deductions and whether the taxes that are refunded produced a tax benefit on the earlier return. Those who claim the standard deduction are never taxed on refunds of state income taxes; those who itemize may or may not have taxable income from the refund.
An annual payment of money by a company or individual to a person called the annuitant. Payment is for a fixed period or the life of the annuitant. Tax consequences depend on the type of contract and funding.