diff --git a/src/_pytask/_inspect.py b/src/_pytask/_inspect.py
index 98a94702..728aae68 100644
--- a/src/_pytask/_inspect.py
+++ b/src/_pytask/_inspect.py
@@ -1,6 +1,112 @@
 from __future__ import annotations
 
+import inspect
+import sys
+from inspect import get_annotations as _get_annotations_from_inspect
+from typing import TYPE_CHECKING
+from typing import Any
+
+if TYPE_CHECKING:
+    from collections.abc import Callable
+
 __all__ = ["get_annotations"]
 
 
-from inspect import get_annotations
+def get_annotations(
+    obj: Callable[..., Any],
+    *,
+    globals: dict[str, Any] | None = None,  # noqa: A002
+    locals: dict[str, Any] | None = None,  # noqa: A002
+    eval_str: bool = False,
+) -> dict[str, Any]:
+    """Return evaluated annotations with better support for deferred evaluation.
+
+    Context
+    -------
+    * PEP 649 introduces deferred annotations which are only evaluated when explicitly
+      requested. See https://peps.python.org/pep-0649/ for background and why locals can
+      disappear between definition and evaluation time.
+    * Python 3.14 ships :mod:`annotationlib` which exposes the raw annotation source and
+      provides the building blocks we reuse here. The module doc explains the available
+      formats: https://docs.python.org/3/library/annotationlib.html
+    * Other projects run into the same constraints. Pydantic tracks their work in
+      https://github.com/pydantic/pydantic/issues/12080; we might copy improvements from
+      there once they settle on a stable strategy.
+
+    Rationale
+    ---------
+    When annotations refer to loop variables inside task generators, the locals that
+    existed during decoration have vanished by the time pytask evaluates annotations
+    while collecting tasks. Using :func:`inspect.get_annotations` would therefore yield
+    the same product path for every repeated task. By asking :mod:`annotationlib` for
+    string representations and re-evaluating them with reconstructed locals (globals,
+    default arguments, and the frame locals captured via ``@task`` at decoration time)
+    we recover the correct per-task values. The frame locals capture is essential for
+    cases where loop variables are only referenced in annotations (not in the function
+    body or closure). If any of these ingredients are missing—for example on Python
+    versions without :mod:`annotationlib` - we fall back to the stdlib implementation,
+    so behaviour on 3.10-3.13 remains unchanged.
+    """
+    if sys.version_info < (3, 14) or not eval_str or not hasattr(obj, "__globals__"):
+        return _get_annotations_from_inspect(
+            obj, globals=globals, locals=locals, eval_str=eval_str
+        )
+
+    import annotationlib  # noqa: PLC0415
+
+    raw_annotations = annotationlib.get_annotations(
+        obj, globals=globals, locals=locals, format=annotationlib.Format.STRING
+    )
+
+    evaluation_globals = obj.__globals__ if globals is None else globals
+    evaluation_locals = _build_evaluation_locals(obj, locals)
+
+    evaluated_annotations = {}
+    for name, expression in raw_annotations.items():
+        evaluated_annotations[name] = _evaluate_annotation_expression(
+            expression, evaluation_globals, evaluation_locals
+        )
+
+    return evaluated_annotations
+
+
+def _build_evaluation_locals(
+    obj: Callable[..., Any], provided_locals: dict[str, Any] | None
+) -> dict[str, Any]:
+    # Order matters: later updates override earlier ones.
+    # Default arguments are lowest priority (fallbacks), then provided_locals,
+    # then snapshot_locals (captured loop variables) have highest priority.
+    evaluation_locals: dict[str, Any] = {}
+    evaluation_locals.update(_get_default_argument_locals(obj))
+    if provided_locals:
+        evaluation_locals.update(provided_locals)
+    evaluation_locals.update(_get_snapshot_locals(obj))
+    return evaluation_locals
+
+
+def _get_snapshot_locals(obj: Callable[..., Any]) -> dict[str, Any]:
+    metadata = getattr(obj, "pytask_meta", None)
+    snapshot = getattr(metadata, "annotation_locals", None)
+    return dict(snapshot) if snapshot else {}
+
+
+def _get_default_argument_locals(obj: Callable[..., Any]) -> dict[str, Any]:
+    try:
+        parameters = inspect.signature(obj).parameters.values()
+    except (TypeError, ValueError):
+        return {}
+
+    defaults = {}
+    for parameter in parameters:
+        if parameter.default is not inspect.Parameter.empty:
+            defaults[parameter.name] = parameter.default
+    return defaults
+
+
+def _evaluate_annotation_expression(
+    expression: Any, globals_: dict[str, Any] | None, locals_: dict[str, Any]
+) -> Any:
+    if not isinstance(expression, str):
+        return expression
+    evaluation_globals = globals_ if globals_ is not None else {}
+    return eval(expression, evaluation_globals, locals_)  # noqa: S307
diff --git a/src/_pytask/models.py b/src/_pytask/models.py
index 7511f3e9..3b12d442 100644
--- a/src/_pytask/models.py
+++ b/src/_pytask/models.py
@@ -38,6 +38,9 @@ class CollectionMetadata:
     kwargs
         A dictionary containing keyword arguments which are passed to the task when it
         is executed.
+    annotation_locals
+        A snapshot of local variables captured during decoration which helps evaluate
+        deferred annotations later on.
     markers
         A list of markers that are attached to the task.
     name
@@ -51,6 +54,7 @@ class CollectionMetadata:
 
     after: str | list[Callable[..., Any]] = field(factory=list)
     attributes: dict[str, Any] = field(factory=dict)
+    annotation_locals: dict[str, Any] | None = None
     is_generator: bool = False
     id_: str | None = None
     kwargs: dict[str, Any] = field(factory=dict)
diff --git a/src/_pytask/task_utils.py b/src/_pytask/task_utils.py
index 9dbfb049..c9701b4b 100644
--- a/src/_pytask/task_utils.py
+++ b/src/_pytask/task_utils.py
@@ -4,6 +4,7 @@
 
 import functools
 import inspect
+import sys
 from collections import defaultdict
 from types import BuiltinFunctionType
 from typing import TYPE_CHECKING
@@ -70,30 +71,18 @@ def task(  # noqa: PLR0913
         information.
     is_generator
         An indicator whether this task is a task generator.
-    id
-        An id for the task if it is part of a parametrization. Otherwise, an automatic
-        id will be generated. See
-        :doc:`this tutorial <../tutorials/repeating_tasks_with_different_inputs>` for
-        more information.
-    kwargs
-        A dictionary containing keyword arguments which are passed to the task when it
-        is executed.
-    produces
-        Definition of products to parse the function returns and store them. See
-        :doc:`this how-to guide <../how_to_guides/using_task_returns>` for more
     id
         An id for the task if it is part of a repetition. Otherwise, an automatic id
         will be generated. See :ref:`how-to-repeat-a-task-with-different-inputs-the-id`
         for more information.
     kwargs
-        Use a dictionary to pass any keyword arguments to the task function which can be
-        dependencies or products of the task. Read :ref:`task-kwargs` for more
-        information.
-    produces
-        Use this argument if you want to parse the return of the task function as a
-        product, but you cannot annotate the return of the function. See :doc:`this
-        how-to guide <../how_to_guides/using_task_returns>` or :ref:`task-produces` for
+        A dictionary containing keyword arguments which are passed to the task function.
+        These can be dependencies or products of the task. Read :ref:`task-kwargs` for
         more information.
+    produces
+        Use this argument to parse the return of the task function as a product. See
+        :doc:`this how-to guide <../how_to_guides/using_task_returns>` or
+        :ref:`task-produces` for more information.
 
     Examples
     --------
@@ -108,12 +97,18 @@ def create_text_file() -> Annotated[str, Path("file.txt")]:
             return "Hello, World!"
 
     """
+    # Capture the caller's frame locals for deferred annotation evaluation in Python
+    # 3.14+. The wrapper closure captures this variable.
+    caller_locals = sys._getframe(1).f_locals.copy()
 
     def wrapper(func: Callable[..., Any]) -> Callable[..., Any]:
         # Omits frame when a builtin function is wrapped.
         _rich_traceback_omit = True
 
-        for arg, arg_name in ((name, "name"), (id, "id")):
+        # When @task is used without parentheses, name is the function, not a string.
+        effective_name = None if is_task_function(name) else name
+
+        for arg, arg_name in ((effective_name, "name"), (id, "id")):
             if not (isinstance(arg, str) or arg is None):
                 msg = (
                     f"Argument {arg_name!r} of @task must be a str, but it is {arg!r}."
@@ -140,7 +135,7 @@ def wrapper(func: Callable[..., Any]) -> Callable[..., Any]:
         path = get_file(unwrapped)
 
         parsed_kwargs = {} if kwargs is None else kwargs
-        parsed_name = _parse_name(unwrapped, name)
+        parsed_name = _parse_name(unwrapped, effective_name)
         parsed_after = _parse_after(after)
 
         if hasattr(unwrapped, "pytask_meta"):
@@ -151,10 +146,11 @@ def wrapper(func: Callable[..., Any]) -> Callable[..., Any]:
             unwrapped.pytask_meta.markers.append(Mark("task", (), {}))
             unwrapped.pytask_meta.name = parsed_name
             unwrapped.pytask_meta.produces = produces
-            unwrapped.pytask_meta.after = parsed_after
+            unwrapped.pytask_meta.annotation_locals = caller_locals
         else:
             unwrapped.pytask_meta = CollectionMetadata(  # type: ignore[attr-defined]
                 after=parsed_after,
+                annotation_locals=caller_locals,
                 is_generator=is_generator,
                 id_=id,
                 kwargs=parsed_kwargs,
@@ -172,10 +168,9 @@ def wrapper(func: Callable[..., Any]) -> Callable[..., Any]:
 
         return unwrapped
 
-    # In case the decorator is used without parentheses, wrap the function which is
-    # passed as the first argument with the default arguments.
+    # When decorator is used without parentheses, call wrapper directly.
     if is_task_function(name) and kwargs is None:
-        return task()(name)
+        return wrapper(name)
     return wrapper