Recipients of periodic or annuity retirement plan distributions provide a Form W-4P to payors of pension or annuity payments for the correct amount of federal income tax to be withheld from these ...

Tax season is still underway in the United States and that means many people are still having to file the various tax forms, which can be confusing at times. One form that has created some headaches ...

WASHINGTON, Feb. 21-- The Railroad Retirement Board issued the following news release: Internal Revenue Service (IRS) revised the income tax withholding rates and tables that are used to calculate ...

As background, changes made by the Tax Cuts and Jobs Act in 2017 required the IRS to revise the withholding tables and develop new forms to use to withhold taxes from periodic payments. As we near the ...

Whether you work as a salaried employee or receive income from a pension, commission or other sources, understanding how much tax should be withheld from your earnings is crucial. Withholding too ...

Earlier this year, the IRS released draft versions of 2022 Forms W-4P and W-4R for pension and IRA withholding on payments, to be used beginning on or after January 1, 2022. In short, the draft forms ...

2012 Oregon Income Tax: I claimed one allowance on Form W-4P for tax withholdings from my monthly Oregon PERS check. After filing form 40 this year, with one exemption, I am due a $850 refund. Since ...