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Level 1
posted Apr 11, 2024 8:00:38 AM

WP-4 question

Hi. The IRS withholding estimator directed me to input a dollar amount in line 4(a) and I can not figure out how they got that figure?  I also can not figure out exactly what the pension provider will withhold using that figure?  (Unfortunately the provider does not know either.🤔). I know the dollar amount I want withheld but have been told if I put that figure in 4(c) there will additional taxes withheld in addition to that they aren’t able to tell me how much.  I’m stumped!

0 1 1191
1 Replies
Level 15
Apr 11, 2024 9:17:11 AM

Line 4c is an additional amount you specify on top of the regular calculation.

 

Options-

  • go with the Estimator recommendation.
  • leave it empty, then submit a new WP-4 later when you see the withholding is too low.
  • Make Estimated Tax Payments to meet your tax anticipation obligations.

@timjulia8