W-4P Withholding Certificate for Periodic Pension or Annuity

Form

W-4P

Withholding Certificate
for Periodic Pension or Annuity Payments

Department of the Treasury
Internal Revenue Service

Step 1:
Enter
Personal
Information

OMB No. 1545-0074

2024

Give Form W-4P to the payer of your pension or annuity payments.

(a) First name and middle initial

(b) Social security number

Last name

Address
City or town, state, and ZIP code

(c)

Single or Married filing separately
Married filing jointly or Qualifying surviving spouse
Head of household (Check only if you’re unmarried and pay more than half the costs of keeping up a home for yourself and a qualifying individual.)

Complete Steps 2–4 ONLY if they apply to you; otherwise, skip to Step 5. See pages 2 and 3 for more information on each step,
when to use the estimator at www.irs.gov/W4App, and how to elect to have no federal income tax withheld (if permitted).

Step 2:
Income
From a Job
and/or
Multiple
Pensions/
Annuities
(Including a
Spouse’s
Job/
Pension/
Annuity)

Complete this step if you (1) have income from a job or more than one pension/annuity, or (2) are married filing
jointly and your spouse receives income from a job or a pension/annuity. See page 2 for examples on how to
complete Step 2.
Do only one of the following.
(a) Use the estimator at www.irs.gov/W4App for most accurate withholding for this step (and Steps 3–4). If you or
your spouse have self-employment income, use this option; or
(b) Complete the items below.
(i) If you (and/or your spouse) have one or more jobs, then enter the total taxable annual pay
from all jobs, plus any income entered on Form W-4, Step 4(a), for the jobs less the
deductions entered on Form W-4, Step 4(b), for the jobs. Otherwise, enter “-0-” . . . $
(ii) If you (and/or your spouse) have any other pensions/annuities that pay less annually than
this one, then enter the total annual taxable payments from all lower-paying pensions/
annuities. Otherwise, enter “-0-” . . . . . . . . . . . . . . . . . . . $
(iii) Add the amounts from items (i) and (ii) and enter the total here

.

.

.

.

.

.

.

.

.

$

TIP: To be accurate, submit a new Form W-4P for all other pensions/annuities if you haven’t updated your
withholding since 2021 or this is a new pension/annuity that pays less than the other(s). Submit a new Form W-4 for
your job(s) if you have not updated your withholding since 2019.
Complete Steps 3–4(b) on this form only if (b)(i) is blank and this pension/annuity pays the most annually. Otherwise, do not complete
Steps 3–4(b) on this form.

Step 3:
Claim
Dependent
and Other
Credits

If your total income will be $200,000 or less ($400,000 or less if married filing jointly):
Multiply the number of qualifying children under age 17 by $2,000

$

Multiply the number of other dependents by $500 .

.

$

Add other credits, such as foreign tax credit and education tax credits

$

.

.

.

.

Add the amounts for qualifying children, other dependents, and other credits and enter the
total here . . . . . . . . . . . . . . . . . . . . . . . . . . .

Step 4
(optional):
Other
Adjustments

Step 5:
Sign
Here

3

$

(a) Other income (not from jobs or pension/annuity payments). If you want tax withheld
on other income you expect this year that won’t have withholding, enter the amount of
other income here. This may include interest, taxable social security, and dividends .

4(a) $

(b) Deductions. If you expect to claim deductions other than the basic standard deduction
and want to reduce your withholding, use the Deductions Worksheet on page 3 and
enter the result here . . . . . . . . . . . . . . . . . . . . . .

4(b) $

(c) Extra withholding. Enter any additional tax you want withheld from each payment

4(c) $

Your signature (This form is not valid unless you sign it.)

For Privacy Act and Paperwork Reduction Act Notice, see page 3.

.

Date
Cat. No. 10225T

Form W-4P (2024)

Page 2

Form W-4P (2024)

General Instructions
Section references are to the Internal Revenue Code.
Future developments. For the latest information about any
future developments related to Form W-4P, such as legislation
enacted after it was published, go to www.irs.gov/FormW4P.
Purpose of form. Complete Form W-4P to have payers
withhold the correct amount of federal income tax from your
periodic pension, annuity (including commercial annuities),
profit-sharing and stock bonus plan, or IRA payments. Federal
income tax withholding applies to the taxable part of these
payments. Periodic payments are made in installments at
regular intervals (for example, annually, quarterly, or monthly)
over a period of more than 1 year. Don’t use Form W-4P for a
nonperiodic payment (note that distributions from an IRA that
are payable on demand are treated as nonperiodic payments) or
an eligible rollover distribution (including a lump-sum pension
payment). Instead, use Form W-4R, Withholding Certificate for
Nonperiodic Payments and Eligible Rollover Distributions, for
these payments/distributions. For more information on
withholding, see Pub. 505, Tax Withholding and Estimated Tax.
Choosing not to have income tax withheld. You can choose
not to have federal income tax withheld from your payments by
writing “No Withholding” on Form W-4P in the space below
Step 4(c). Then, complete Steps 1a, 1b, and 5. Generally, if you
are a U.S. citizen or a resident alien, you are not permitted to
elect not to have federal income tax withheld on payments to be
delivered outside the United States and its territories.
Caution: If you have too little tax withheld, you will generally
owe tax when you file your tax return and may owe a penalty
unless you make timely payments of estimated tax. If too much
tax is withheld, you will generally be due a refund when you file
your tax return. If your tax situation changes, or you chose not
to have federal income tax withheld and you now want
withholding, you should submit a new Form W-4P.

When to use the estimator. Consider using the estimator at
www.irs.gov/W4App if you:
1. Have social security, dividend, capital gain, or business
income, or are subject to the Additional Medicare Tax or Net
Investment Income Tax; or
2. Receive these payments or pension and annuity payments
for only part of the year.
Self-employment. Generally, you will owe both income and
self-employment taxes on any self-employment income you (or
you and your spouse) receive. If you do not have a job and want
to pay these taxes through withholding from your payments, use
the estimator at www.irs.gov/W4App to figure the amount to
have withheld.
Payments to nonresident aliens and foreign estates. Do not
use Form W-4P. See Pub. 515, Withholding of Tax on
Nonresident Aliens and Foreign Entities, and Pub. 519, U.S. Tax
Guide for Aliens, for more information.
Tax relief for victims of terrorist attacks. If your disability
payments for injuries incurred as a direct result of a terrorist
attack are not taxable, write “No Withholding” in the space
below Step 4(c). See Pub. 3920, Tax Relief for Victims of
Terrorist Attacks, for more details.

Specific Instructions
Step 1(c). Check your anticipated filing status. This will
determine the standard deduction and tax rates used to
compute your withholding.
Step 2. Use this step if you have at least one of the following:
income from a job, income from more than one pension/annuity,
and/or a spouse (if married filing jointly) that receives income
from a job/pension/annuity. The following examples will assist
you in completing Step 2(b).

Example 1. Bob, a single filer, is completing Form W-4P for a
pension that pays $50,000 a year. Bob also has a job that pays
$25,000 a year. Bob has no other pensions or annuities. Bob will
enter $25,000 in Step 2(b)(i) and in Step 2(b)(iii).
If Bob also has $1,000 of interest income, which he entered on
Form W-4, Step 4(a), then he will instead enter $26,000 in Step
2(b)(i) and in Step 2(b)(iii). He will make no entries in Step 4(a) on
this Form W-4P.
Example 2. Carol, a single filer, is completing Form W-4P for
a pension that pays $50,000 a year. Carol does not have a job,
but she also receives another pension for $25,000 a year (which
pays less annually than the $50,000 pension). Carol will enter
$25,000 in Step 2(b)(ii) and in Step 2(b)(iii).
If Carol also has $1,000 of interest income, then she will enter
$1,000 in Step 4(a) of this Form W-4P.
Example 3. Don, a single filer, is completing Form W-4P for a
pension that pays $50,000 a year. Don does not have a job, but
he receives another pension for $75,000 a year (which pays
more annually than the $50,000 pension). Don will not enter any
amounts in Step 2.
If Don also has $1,000 of interest income, he won’t enter that
amount on this Form W-4P because he entered the $1,000 on
the Form W-4P for the higher paying $75,000 pension.
Example 4. Ann, a single filer, is completing Form W-4P for a
pension that pays $50,000 a year. Ann also has a job that pays
$25,000 a year and another pension that pays $20,000 a year.
Ann will enter $25,000 in Step 2(b)(i), $20,000 in Step 2(b)(ii), and
$45,000 in Step 2(b)(iii).
If Ann also has $1,000 of interest income, which she entered on
Form W-4, Step 4(a), she will instead enter $26,000 in Step 2(b)(i),
leave Step 2(b)(ii) unchanged, and enter $46,000 in Step 2(b)(iii).
She will make no entries in Step 4(a) of this Form W-4P.
If you are married filing jointly, the entries described above do
not change if your spouse is the one who has the job or the
other pension/annuity instead of you.
Multiple sources of pensions/annuities or jobs. If you
(or if married filing jointly, you and/or your spouse) have a
CAUTION
job(s), do NOT complete Steps 3 through 4(b)
on Form W-4P. Instead, complete Steps 3 through 4(b) on the
Form W-4 for the job. If you (or if married filing jointly, you and
your spouse) do not have a job, complete Steps 3 through 4(b)
on Form W-4P for only the pension/annuity that pays the most
annually. Leave those steps blank for the other pensions/
annuities.

!
▲

Step 3. This step provides instructions for determining the
amount of the child tax credit and the credit for other
dependents that you may be able to claim when you file your
tax return. To qualify for the child tax credit, the child must be
under age 17 as of December 31, must be your dependent who
generally lives with you for more than half the year, and must
have the required social security number. You may be able to
claim a credit for other dependents for whom a child tax credit
can’t be claimed, such as an older child or a qualifying relative.
For additional eligibility requirements for these credits, see Pub.
501, Dependents, Standard Deduction, and Filing Information.
You can also include other tax credits for which you are eligible
in this step, such as the foreign tax credit and the education tax
credits. Including these credits will increase your payments and
reduce the amount of any refund you may receive when you file
your tax return.
Step 4 (optional).
Step 4(a). Enter in this step the total of your other estimated
income for the year, if any. You shouldn’t include amounts from
any job(s) or pension/annuity payments. If you complete Step
4(a), you likely won’t have to make estimated tax payments for
that income. If you prefer to pay estimated tax rather than

Page 3

Form W-4P (2024)

Specific Instructions (continued)
having tax on other income withheld from your pension, see
Form 1040-ES, Estimated Tax for Individuals.
Step 4(b). Enter in this step the amount from the Deductions
Worksheet, line 6, if you expect to claim deductions other than
the basic standard deduction on your 2024 tax return and want
to reduce your withholding to account for these deductions.
This includes itemized deductions, the additional standard
deduction for those 65 and over, and other deductions such as
for student loan interest and IRAs.

Step 4(c). Enter in this step any additional tax you want
withheld from each payment. Entering an amount here will
reduce your payments and will either increase your refund or
reduce any amount of tax that you owe.
Note: If you don’t give Form W-4P to your payer, you don’t
provide an SSN, or the IRS notifies the payer that you gave an
incorrect SSN, then the payer will withhold tax from your
payments as if your filing status is single with no adjustments in
Steps 2 through 4. For payments that began before 2024, your
current withholding election (or your default rate) remains in
effect unless you submit a new Form W-4P.

Step 4(b)—Deductions Worksheet (Keep for your records.)
1

Enter an estimate of your 2024 itemized deductions (from Schedule A (Form 1040)). Such deductions
may include qualifying home mortgage interest, charitable contributions, state and local taxes (up to
$10,000), and medical expenses in excess of 7.5% of your income . . . . . . . . . . . .

{

}

• $29,200 if you’re married filing jointly or a qualifying surviving spouse
• $21,900 if you’re head of household
• $14,600 if you’re single or married filing separately

1

$

2

$

2

Enter:

3

If line 1 is greater than line 2, subtract line 2 from line 1 and enter the result here. If line 2 is greater
than line 1, enter “-0-”
. . . . . . . . . . . . . . . . . . . . . . . . . .

3

$

If line 3 equals zero, and you (or your spouse) are 65 or older, enter:
• $1,950 if you’re single or head of household.
• $1,550 if you’re married filing separately.
• $1,550 if you’re a qualifying surviving spouse or you’re married filing jointly and one of you is under
age 65.
• $3,100 if you’re married filing jointly and both of you are age 65 or older.
Otherwise, enter “-0-”. See Pub. 505 for more information . . . . . . . . . . . . . . .

4

$

Enter an estimate of your student loan interest, deductible IRA contributions, and certain other
adjustments (from Part II of Schedule 1 (Form 1040)). See Pub. 505 for more information
. . . .

5

$

Add lines 3 through 5. Enter the result here and in Step 4(b) on Form W-4P .

6

$

4

5

6

Privacy Act and Paperwork Reduction Act Notice. We ask for
the information on this form to carry out the Internal Revenue laws
of the United States. You are required to provide this information
only if you want to (a) request federal income tax withholding from
pension or annuity payments based on your filing status and
adjustments; (b) request additional federal income tax withholding
from your pension or annuity payments; (c) choose not to have
federal income tax withheld, when permitted; or (d) change a
previous Form W-4P. To do any of the aforementioned, you are
required by sections 3405(e) and 6109 and their regulations to
provide the information requested on this form. Failure to provide
this information may result in inaccurate withholding on your
payment(s). Failure to provide a properly completed form will result
in your being treated as a single person with no other entries on
the form; providing fraudulent information may subject you to
penalties.
Routine uses of this information include giving it to the
Department of Justice for civil and criminal litigation, and to
cities, states, the District of Columbia, and U.S. commonwealths
and territories for use in administering their tax laws. We may

.

.

.

.

.

.

.

.

.

.

.

.

.

also disclose this information to other countries under a tax
treaty, to federal and state agencies to enforce federal nontax
criminal laws, or to federal law enforcement and intelligence
agencies to combat terrorism.
You are not required to provide the information requested on
a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or
records relating to a form or its instructions must be retained as
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by
section 6103.
The average time and expenses required to complete and file
this form will vary depending on individual circumstances. For
estimated averages, see the instructions for your income tax
return.
If you have suggestions for making this form simpler, we
would be happy to hear from you. See the instructions for your
income tax return.