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Level 1
posted Oct 30, 2024 9:02:15 AM

Filling out the W4P for one pension

How can I complete the W4P form correctly in order to reduce taxes withheld from my pension?

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2 Replies
Level 15
Oct 30, 2024 1:59:42 PM

Usually you choose a percent for the amount to be withheld.   Have you looked at the W-4P?

Level 1
Oct 30, 2024 2:40:13 PM

Thank you for your response, but the W4P 2024 does not allow percentages.  Should I claim dependent and other credit in Step 2 of the form?