w4p

Forum|Forum|3 months ago
March 8, 2026
1 reply
2 views

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?

Not A Product Question

JohnB5677

Level 15

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.

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