ErnieSO,
My question is very similar, but I am not clear on your response.
I file jointly with my wife. We are fully retired, no jobs. We have three pensions and Social Security income.
I'm not clear on Form W-4P. Step 2(b)(i) is specifically for work related income, correct? We do not work.
Step 2(b)(ii) is where we list pensions/annuity total income. But what does "pay less annually than this one" mean? It seems to want the total of all our pensions/annuities on this line, correct?
Step 4(a) is where I enter our total taxable Social Security income, correct?
Do I mail identical Form W-4Ps to each of our pension payers and Social Security? I understand that my wife's name and SSN would be on her W-4P, but otherwise the data would be the same, correct?
Thanks for your assistance.
TAH2
