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Level 2
June 3, 2019
Solved

Will $0 be withheld for a low monthly pension?

  • June 3, 2019
  • 2 replies
  • 30 views

My spouse will begin receiving a small pension.  Gross amount will be $300/month.  She'll have to complete a form W4-P, but it looks to me like, with monthly income that low, $0 will be withheld for FIT no matter what status and # allowances she specifies.  Am I correct, or is there some minimum amount that will be withheld for FIT?


Best answer by Critter

Unless you specify an amount on line 3  she will have zero withholding ... however you can increase your withholding in other places if this $3600 makes a difference.    https://www.irs.gov/pub/irs-pdf/fw4p.pdf

2 replies

Critter
CritterAnswer
Level 15
June 3, 2019

Unless you specify an amount on line 3  she will have zero withholding ... however you can increase your withholding in other places if this $3600 makes a difference.    https://www.irs.gov/pub/irs-pdf/fw4p.pdf

mkgunzenAuthor
Level 2
June 3, 2019
Thank you very much for the confirmation.