Under Public Law 98-76, railroad retirement beneficiaries' Tier II, dual vested and supplemental benefits are subject to income tax under private pension rules. Under Public Law 99-514, the non-social security equivalent benefit portion of Tier I is also taxable under private pension rules. The collection obtains the information needed by the Railroad Retirement Board to implement the income tax withholding provisions.
The latest form for Withholding Certificate for Railroad Retirement Monthly Annuity Payments expires 2021-01-31 and can be found here.
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Form and Instruction |
Supporting Statement A |