Question

WP-4 question

Forum|Forum|2 years ago
April 11, 2024
1 reply
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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!

fanfare

Employee

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