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US Internal Revenue Service: fw4p - 1994
US Internal Revenue Service: fw4p - 1994
What Is Form W-4P? This form is for What Do I Need To Do? If you want no tax When Should I File? File as soon as possible
recipients of income from annuity, pension, to be withheld, you can skip the worksheet to avoid underwithholding problems.
and certain other deferred compensation below and go directly to the form at the Multiple Pensions? More Than One
plans to tell payers whether income tax is to bottom of this page. Otherwise, complete Income? To figure the number of allowances
be withheld and on what basis. Your options lines A through F of the worksheet. Many you may claim, combine allowances and
depend on whether the payment is periodic recipients can stop at line F. income subject to withholding from all
or nonperiodic (including an eligible rollover Other Income? If you have a large amount of sources on one worksheet. You can file a
distribution) as explained on page 3. income from other sources not subject to Form W-4P with each pension payer, but do
You can use this form to choose to have withholding (such as interest, dividends, or not claim the same allowances more than
no income tax withheld from the payment taxable social security), you should consider once. Your withholding will usually be more
(except for eligible rollover distributions or making estimated tax payments using Form accurate if you claim all allowances on the
payments to U.S. citizens delivered outside 1040-ES, Estimated Tax for Individuals. Call Form W-4P for the largest source of income
the United States or its possessions) or to 1-800-829-3676 for copies of Form 1040-ES, subject to withholding.
have an additional amount of tax withheld. and Pub. 505, Tax Withholding and Estimated
Tax.
$ %
● You are single and have only one pension; or
● You are married, have only one pension, and your
B Enter “1” if: spouse has no income subject to withholding; or B
● Your income from a second pension or a job, or your spouse’s
pension or wages (or the total of all) is $1,000 or less.
C Enter “1” for your spouse. You may choose to enter -0- if you are married and have either a spouse who has
income subject to withholding or you have more than one source of income subject to withholding. (This may help
you avoid having too little tax withheld.) C
D Enter number of dependents (other than your spouse or yourself) you will claim on your return D
E Enter “1” if you will file as a head of household on your tax return E
F Add lines A through E and enter total here © F
● If you plan to itemize or claim other deductions and want to reduce your withholding, use the
Deductions and Adjustments Worksheet on page 2.
For
● If you have more than one source of income subject to withholding or a spouse with income
accuracy,
subject to withholding AND your combined earnings from all sources exceed $30,000, ($50,000
do all
if married filing jointly), use the Multiple Pensions/More Than One Income Worksheet on page
worksheets
2 if you want to avoid having too little tax withheld.
that apply.
● If neither situation applies, stop here and enter the number from line F above on line 2 of Form
W-4P below.
Cut here and give the certificate to the payer of your pension or annuity. Keep the top portion for your records.
Home address (number and street or rural route) Claim or identification number
(if any) of your pension or
annuity contract
City or town, state, and ZIP code
2 I want my withholding from each periodic pension or annuity payment to be figured using the number of allowances
and marital status shown. (You may also designate a dollar amount on line 3.) ©
(Enter number
Marital status: Single Married Married, but withhold at higher Single rate of allowances.)
3 I want the following additional amount withheld from each pension or annuity payment. Note: For periodic payments,
you cannot enter an amount here without entering the number (including zero) of allowances on line 2 © $
$ %
$6,350 if married filing jointly or qualifying widow(er)
$5,600 if head of household 2 $
2. Enter:
$3,800 if single
$3,175 if married filing separately
3. Subtract line 2 from line 1. If line 2 is greater than line 1, enter -0- 3 $
4. Enter estimate of your 1994 adjustments to income. These include alimony paid and deductible IRA contributions 4 $
5. Add lines 3 and 4 and enter the total 5 $
6. Enter an estimate of your 1994 income not subject to withholding (such as dividends or interest income) 6 $
7. Subtract line 6 from line 5. Enter the result, but not less than zero 7 $
8. Divide the amount on line 7 by $2,500 and enter the result here. Drop any fraction 8
9. Enter the number from Personal Allowances Worksheet, line F, on page 1 9
10. Add lines 8 and 9 and enter the total here. If you plan to use the Multiple Pensions/More Than One
Income Worksheet, also enter this total on line 1 below. Otherwise stop here and enter this total on
Form W-4P, line 2, on page 1 10
Multiple Pensions/More Than One Income Worksheet
NOTE: Complete only if the instructions under line F on page 1 direct you here. This applies if you (and your
spouse if marr ied filing a joint return) have more than one source of income subject to withholding (such as
more than one pension, or a pension and a job, or you have a pension and your spouse works).
1. Enter the number from line F on page 1 (or from line 10 above if you used the Deductions and
Adjustments Worksheet) 1
2. Find the number in Table 1 below that applies to the LOWEST paying pension or job and enter it here 2
3. If line 1 is GREATER THAN OR EQUAL TO line 2, subtract line 2 from line 1. Enter the result here (if
zero, enter -0-) and on Form W-4P, line 2, page 1. Do not use the rest of this worksheet 3
4. If line 1 is LESS THAN line 2, enter -0- on Form W-4P, line 2, page 1, and enter the number from line
2 of this worksheet here 4
5. Enter the number from line 1 of this worksheet 5
6. Subtract line 5 from line 4 and enter the result here 6
7. Find the amount in Table 2 below that applies to the HIGHEST paying pension or job and enter it here 7 $
8. Multiply line 7 by line 6 and enter the result here 8 $
9. Divide line 8 by the number of pay periods in each year. (For example, divide by 12 if you are paid every
month.) Enter the result here and on Form W-4P, line 3, page 1. This is the additional amount to be
withheld from each payment 9 $