rjs
Level 15
Level 15

Retirement tax questions

You can't just fill out one Form W-4P. You have to give a W-4P to each company or financial institution that sends you annuity or pension payments that you want to have tax withheld from. That's why it might be simpler if you can have enough tax withheld from one or two plans to cover all the tax you will owe, as dmertz suggested.