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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. 2024
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.)
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 most accurate withholding for this step (and Steps 3–4). If you or
Pensions/ 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 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: 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 (2024)

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Form W-4P (2024) Page 2

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

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Form W-4P (2024) Page 3

Specific Instructions (continued) Step 4(c). Enter in this step any additional tax you want
withheld from each payment. Entering an amount here will
having tax on other income withheld from your pension, see reduce your payments and will either increase your refund or
Form 1040-ES, Estimated Tax for Individuals. reduce any amount of tax that you owe.
Step 4(b). Enter in this step the amount from the Deductions Note: If you don’t give Form W-4P to your payer, you don’t
Worksheet, line 6, if you expect to claim deductions other than provide an SSN, or the IRS notifies the payer that you gave an
the basic standard deduction on your 2024 tax return and want incorrect SSN, then the payer will withhold tax from your
to reduce your withholding to account for these deductions. payments as if your filing status is single with no adjustments in
This includes itemized deductions, the additional standard Steps 2 through 4. For payments that began before 2024, your
deduction for those 65 and over, and other deductions such as current withholding election (or your default rate) remains in
for student loan interest and IRAs. 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 . . . . . . . . . . . . 1 $

• $29,200 if you’re married filing jointly or a qualifying surviving spouse
2 Enter: • $21,900 if you’re head of household . . . . . 2 $
{ • $14,600 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:
• $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 $

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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