Annually, retirement plans are required to provide benefit recipients an opportunity to update their federal income tax withholdings for benefit payments that are not eligible rollover distributions. As recent changes to the tax law may have affected individual income tax rates for retirees and beneficiaries, this notice is particularly important. For periodic and non-periodic payments, the recipient of an employer pension or annuity benefit is entitled to choose not to have income tax withheld from retirement plan payments so long as the payments are not eligible rollover distributions.
For a detailed discussion of federal withholding tax, visit Publication Pension and Annuity Income , pp. The withholding election remains in effect until the recipient changes or revokes the withholding election in place.
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Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. The W-4 form remains in effect unless you submit a new form to the payroll office or update your W-4 form electronically on the portal.
We ask that every employee take a moment each year to review your current exemptions to determine if they are still accurate. To access the electronic W-4 feature, you must log into the portal. Once you have updated your record, click "Certify Changes". A new window will appear asking you to enter your PIN.
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