w4p

[lesmith208]

I have additional income to my pension. I already have federal income tax taken out of that income, why is it necessary to add it to the w4p as well.  will i be double taxed?

[JohnB5677]

No, you will not be double-taxed.

Form W-4P  is used to have taxes withheld from your pensions, annuities, or IRA distributions in the future.  It will not affect your current tax return. 

• If you already have taxes taken out, and you don't owe money, and you don't have a big refund, you don't have to do anything.
• If you owe taxes, you may want to have additional taxes withheld to avoid penalties.
• If you have a large refund, you may want to have less taxes taken out.

The choice is yours.  You can elect to have more taken out, less, or do nothing.