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Withholding Certificate OMB No. 1545-0074
Form W-4P for Periodic Pension or Annuity Payments
Department of the Treasury Give Form W-4P to the payer of your pension or annuity payments. 2025
Internal Revenue Service
Step 1: (a) First name and middle initial Last name (b) Social security number
Enter
Address
Personal
Information
City or town, state, and ZIP code

(c) Single orMarried filing separately
Married filing jointly orQualifying 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.)
TIP: Consider using the estimator at www.irs.gov/W4App to determine the most accurate withholding for the rest of the year if: you
are completing this form after the beginning of the year; expect to receive your payments only part of the year; or have changes during
the year in your marital status, number of pensions/jobs for you (and/or your spouse if married filing jointly), dependents, other income
(not from jobs or pension/annuity payments), deductions, or credits. Have your most recent payment statements/pay stubs from this
year available when using the estimator. At the beginning of next year, use the estimator again to recheck your withholding.
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: Complete this step if you (1) have income from a job or more than one pension/annuity, or (2) are married filing
Income jointly and your spouse receives income from a job or a pension/annuity. See page 2 for examples on how to
From a Job complete Step 2.
and/or Do only one of the following.
Multiple (a) Use the estimator at www.irs.gov/W4App for the most accurate withholding for this step (and Steps 3–4). If you
Pensions/ or your spouse have self-employment income, use this option; or
Annuities (b) Complete the items below.
(Including a (i) If you (and/or your spouse) have one or more jobs, then enter the total taxable annual pay
Spouse’s from all jobs, plus any income entered on Form W-4, Step 4(a), for the jobs less the
Job/ deductions entered on Form W-4, Step 4(b), for the jobs. Otherwise, enter “-0-” . . . $
Pension/ (ii) If you (and/or your spouse) have any other pensions/annuities that pay less annually than
Annuity) this pension/annuity, 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: If your total income will be $200,000 or less ($400,000 or less if married filing jointly):
Claim Multiply the number of qualifying children under age 17 by $2,000 $
Dependent
and Other Multiply the number of other dependents by $500 . . . . . . $
Credits 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 $
Step 4 (a) Other income (not from jobs or pension/annuity payments). If you want tax withheld
(optional): on other income you expect this year that won’t have withholding, enter the amount of
Other other income here. This may include interest, taxable social security, and dividends . 4(a) $
Adjustments (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) $

Step 5:
Sign
Here Your signature (This form is not valid unless you sign it.) Date
For Privacy Act and Paperwork Reduction Act Notice, see page 3. Cat. No. 10225T Form W-4P (2025)

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Form W-4P (2025) Page 2

General Instructions Specific Instructions
Section references are to the Internal Revenue Code unless Submit a separate Form W-4P for each pension, annuity, or
otherwise noted. other periodic payments you receive.
Future developments. For the latest information about any Step 1(c). Check your anticipated filing status. This will
future developments related to Form W-4P, such as legislation determine the standard deduction and tax rates used to
enacted after it was published, go to www.irs.gov/FormW4P. compute your withholding.
Purpose of form. Complete Form W-4P to have payers Step 2. Use this step if you have at least one of the following:
withhold the correct amount of federal income tax from your income from a job, income from more than one pension/annuity,
periodic pension, annuity (including commercial annuities), and/or a spouse (if married filing jointly) that receives income
profit-sharing and stock bonus plan, or IRA payments. Federal from a job/pension/annuity. The following examples will assist
income tax withholding applies to the taxable part of these you in completing Step 2(b).
payments. Periodic payments are made in installments at Example 1. Taylor, a single filer, is completing Form W-4P for
regular intervals (for example, annually, quarterly, or monthly) a pension that pays $50,000 a year. Taylor also has a job that
over a period of more than 1 year. Don’t use Form W-4P for a pays $25,000 a year. Taylor has no other pensions or annuities.
nonperiodic payment (note that distributions from an IRA that Taylor will enter $25,000 in Step 2(b)(i) and in Step 2(b)(iii).
are payable on demand are treated as nonperiodic payments) or
an eligible rollover distribution (including a lump-sum pension If Taylor also has $1,000 of interest income, which they
payment). Instead, use Form W-4R, Withholding Certificate for entered on Form W-4, Step 4(a), then they will instead enter
Nonperiodic Payments and Eligible Rollover Distributions, for $26,000 in Step 2(b)(i) and in Step 2(b)(iii). They will make no
these payments/distributions. For more information on entries in Step 4(a) on this Form W-4P.
withholding, see Pub. 505, Tax Withholding and Estimated Tax. Example 2. Casey, a single filer, is completing Form W-4P for
Choosing not to have income tax withheld. You can choose a pension that pays $50,000 a year. Casey does not have a job,
not to have federal income tax withheld from your payments by but receives another pension for $25,000 a year (which pays
writing “No Withholding” on Form W-4P in the space below less annually than the $50,000 pension). Casey will enter
Step 4(c). Then, complete Steps 1(a), 1(b), and 5. Generally, if $25,000 in Step 2(b)(ii) and in Step 2(b)(iii).
you are a U.S. citizen or a resident alien, you are not permitted If Casey also has $1,000 of interest income, then they will
to elect not to have federal income tax withheld on payments to enter $1,000 in Step 4(a) of this Form W-4P.
be delivered outside the United States and its territories. Example 3. Sam, a single filer, is completing Form W-4P for a
Caution: If you have too little tax withheld, you will generally pension that pays $50,000 a year. Sam does not have a job, but
owe tax when you file your tax return and may owe a penalty receives another pension for $75,000 a year (which pays more
unless you make timely payments of estimated tax. If too much annually than the $50,000 pension). Sam will not enter any
tax is withheld, you will generally be due a refund when you file amounts in Step 2.
your tax return. If your tax situation changes, or you chose not If Sam also has $1,000 of interest income, they won’t enter
to have federal income tax withheld and you now want that amount on this Form W-4P because they entered the
withholding, you should submit a new Form W-4P. $1,000 on the Form W-4P for the higher paying $75,000
When to use the estimator. Consider using the estimator at pension.
www.irs.gov/W4App if you: Example 4. Alex, a single filer, is completing Form W-4P for a
1. Are submitting this form after the beginning of the year; pension that pays $50,000 a year. Alex also has a job that pays
2. Have social security, dividend, capital gain, or business $25,000 a year and another pension that pays $20,000 a year.
income, or are subject to the Additional Medicare Tax or Net Alex will enter $25,000 in Step 2(b)(i), $20,000 in Step 2(b)(ii),
Investment Income Tax; and $45,000 in Step 2(b)(iii).
3. Receive these payments or pension and annuity payments If Alex also has $1,000 of interest income, which they entered
for only part of the year; or on Form W-4, Step 4(a), they will instead enter $26,000 in Step
2(b)(i), leave Step 2(b)(ii) unchanged, and enter $46,000 in Step
4. Have changes during the year in your marital status, 2(b)(iii). They will make no entries in Step 4(a) of this Form W-4P.
number of pensions/jobs for you (and/or your spouse if
married filing jointly), number of dependents, or changes in If you are married filing jointly, the entries described above do
your deductions or credits. not change if your spouse is the one who has the job or the
other pension/annuity instead of you.
TIP: Have your most recent payment statements/pay stubs from
this year available when using the estimator to account for Multiple sources of pensions/annuities or jobs. If you
federal income tax that has already been withheld this year. At ▲! (or if married filing jointly, you and/or your spouse) have a
CAUTION
the beginning of next year, use the estimator again to recheck job(s), do NOT complete Steps 3 through 4(b) on Form
your withholding. 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)
Self-employment. Generally, you will owe both income and do not have a job, complete Steps 3 through 4(b) on Form W-4P
self-employment taxes on any self-employment income you (or for only the pension/annuity that pays the most annually. Leave
you and your spouse) receive. If you do not have a job and want those steps blank for the other pensions/annuities.
to pay these taxes through withholding from your payments, use
the estimator at www.irs.gov/W4App to figure the amount to Step 3. This step provides instructions for determining the
have withheld. amount of the child tax credit and the credit for other
dependents that you may be able to claim when you file your
Payments to nonresident aliens and foreign estates. Do not tax return. To qualify for the child tax credit, the child must be
use Form W-4P. See Pub. 515, Withholding of Tax on under age 17 as of December 31, must be your dependent who
Nonresident Aliens and Foreign Entities, and Pub. 519, U.S. Tax generally lives with you for more than half the year, and must
Guide for Aliens, for more information. have the required social security number. You may be able to
Tax relief for victims of terrorist attacks. If your disability claim a credit for other dependents for whom a child tax credit
payments for injuries incurred as a direct result of a terrorist can’t be claimed, such as an older child or a qualifying relative.
attack are not taxable, write “No Withholding” in the space For additional eligibility requirements for these credits, see Pub.
below Step 4(c). See Pub. 3920, Tax Relief for Victims of 501, Dependents, Standard Deduction, and Filing Information.
Terrorist Attacks, for more details. You can also include other tax credits for which you are eligible

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Form W-4P (2025) Page 3

Specific Instructions (continued) the basic standard deduction on your 2025 tax return and want
to reduce your withholding to account for these deductions.
in this step, such as the foreign tax credit and the education tax This includes itemized deductions, the additional standard
credits. Including these credits will increase your payments and deduction for those 65 and over, and other deductions such as
reduce the amount of any refund you may receive when you file for student loan interest and IRAs.
your tax return. Step 4(c). Enter in this step any additional tax you want
Step 4 (optional). withheld from each payment. Entering an amount here will
Step 4(a). Enter in this step the total of your other estimated reduce your payments and will either increase your refund or
income for the year, if any. You shouldn’t include amounts from reduce any amount of tax that you owe.
any job(s) or pension/annuity payments. If you complete Step Note: If you don’t give Form W-4P to your payer, you don’t
4(a), you likely won’t have to make estimated tax payments for provide an SSN, or the IRS notifies the payer that you gave an
that income. If you prefer to pay estimated tax rather than incorrect SSN, then the payer will withhold tax from your
having tax on other income withheld from your pension, see payments as if your filing status is single with no adjustments in
Form 1040-ES, Estimated Tax for Individuals. Steps 2 through 4. For payments that began before 2025, your
Step 4(b). Enter in this step the amount from the Deductions current withholding election (or your default rate) remains in
Worksheet, line 6, if you expect to claim deductions other than effect unless you submit a new Form W-4P.

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

1 Enter an estimate of your 2025 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 . . . . . . . . . . . . 1 $

• $30,000 if you’re married filing jointly or a qualifying surviving spouse
2 Enter: • $22,500 if you’re head of household . . . . . 2 $
{ • $15,000 if you’re single or married filing separately }

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 $

4 If line 3 equals zero, and you (or your spouse) are 65 or older, enter:
• $2,000 if you’re single or head of household.
• $1,600 if you’re married filing separately.
• $1,600 if you’re a qualifying surviving spouse or you’re married filing jointly and one of you is under
age 65.
• $3,200 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 $

5 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 $

6 Add lines 3 through 5. Enter the result here and in Step 4(b) on Form W-4P . . . . . . . . . 6 $

Privacy Act and Paperwork Reduction Act Notice. We ask for also disclose this information to other countries under a tax
the information on this form to carry out the Internal Revenue laws treaty, to federal and state agencies to enforce federal nontax
of the United States. You are required to provide this information criminal laws, or to federal law enforcement and intelligence
only if you want to (a) request federal income tax withholding from agencies to combat terrorism.
pension or annuity payments based on your filing status and You are not required to provide the information requested on
adjustments; (b) request additional federal income tax withholding a form that is subject to the Paperwork Reduction Act unless
from your pension or annuity payments; (c) choose not to have the form displays a valid OMB control number. Books or
federal income tax withheld, when permitted; or (d) change a records relating to a form or its instructions must be retained as
previous Form W-4P. To do any of the aforementioned, you are long as their contents may become material in the
required by sections 3405(e) and 6109 and their regulations to administration of any Internal Revenue law. Generally, tax
provide the information requested on this form. Failure to provide returns and return information are confidential, as required by
this information may result in inaccurate withholding on your section 6103.
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 average time and expenses required to complete and file
the form; providing fraudulent information may subject you to this form will vary depending on individual circumstances. For
penalties. estimated averages, see the instructions for your income tax
return.
Routine uses of this information include giving it to the
Department of Justice for civil and criminal litigation, and to If you have suggestions for making this form simpler, we
cities, states, the District of Columbia, and U.S. commonwealths would be happy to hear from you. See the instructions for your
and territories for use in administering their tax laws. We may income tax return.

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