The final 2024 federal withholding certificate for periodic pension payments was released Dec. 13 by the Internal Revenue Service.
The 2024 Form W-4P, Withholding Certificate for Periodic Pension and Annuity Payments, restores references to the IRS’s Tax Withholding Estimator, in particular in Step 2(a), which was marked “reserved for future use” in 2023. Individuals can use the estimator in place of filling out the rest of Step 2 of the form.
Amounts used in the Step 4(b) deductions worksheet in the form’s instructions were also adjusted after being replaced by placeholders in the form’s draft.
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