The Indiana Form WH-4P is used by annuitants (those receiving pension or annuity payments) to request voluntary state and county income tax withholding from their payments. This form allows individuals to specify the amount of Indiana state tax and county tax they would like withheld from each annuity or pension payment. The form is useful for annuitants who want to manage their tax liability and ensure that a portion of their pension or annuity is withheld to offset future county taxes. At the end of the year, the withheld amounts will be reported to the annuitant on a 1099-R form.
How to File Indiana Form WH-4P
To file the Indiana Form WH-4P, complete all required sections and submit the form directly to the person or company paying your pension or annuity. Do not send this form to the Indiana Department of Revenue. Be sure to specify the state and county tax amounts you wish to have withheld. The total withholding must be at least $10 to be processed. Once completed, the form ensures that tax withholding is properly deducted from your payments.
How to Complete Indiana Form WH-4P: Line-by-Line Instructions
Section 1: Annuitant’s Information
- Full Name
- Line 1: Enter your full legal name as it appears on your annuity or pension documents.
- Home Address
- Line 2: Enter your complete home address, including street number, city, state, and ZIP code.
- Social Security Number
- Line 3: Enter your Social Security Number (SSN). This will be used to track the withholding for your pension or annuity.
Section 2: Tax Withholding Request
- A. Annuity Contract, Claim, or Identification Number
- Line A: Enter the contract, policy, or account number associated with your annuity or pension. This helps identify the specific annuity or pension to which the withholding request applies.
- B. Indiana State Tax Withholding
- Line B: Enter the amount of Indiana state income tax you wish to have withheld from each annuity or pension payment. You can select any amount over $10.
- C. County Tax Withholding
- Line C: Enter the 2-digit county code and the amount of county income tax to be withheld from each annuity or pension payment. You can find the county codes and tax rates on the Indiana Department of Revenue’s website.
- D. Total Amount Withheld
- Line D: Add the amounts from Line B (state tax) and Line C (county tax) to determine the total amount of tax to be withheld. The total must be at least $10.
Section 3: Certification and Signature
- Signature of Annuitant
- Line 4: Sign the form to certify that the information provided is true and accurate to the best of your knowledge.
- Date
- Line 5: Enter the date when you sign the form.
Additional Information
- Voluntary Withholding: You are not required to have taxes withheld from your pension or annuity, but you can request withholding if you prefer to have a portion of your payments go toward your tax liabilities.
- Tax Reporting: The amounts withheld will be reported to you at the end of the year on a 1099-R form.
- Exemptions: This form can be used for both taxable and exempt pensions or annuities, depending on the exemption status.
- Submission: Submit the completed form directly to the person or company paying your pension. Do not send this form to the Indiana Department of Revenue.