Regulatory and Legislative
IRS Re-Releases 2021 Form W-4P
The IRS has re-released the 2021 Form W-4P, Withholding Certificate for Pension or Annuity Payments. The 2021 version is used to withhold federal income tax from retirement plan and IRA payments, including periodic and nonperiodic payments and eligible rollover distributions.
As previously announced, the 2022 Form W-4P will only be used to withhold federal income tax from periodic retirement plan and IRA payments and does not have to be used until January 1, 2023. The 2021 Form W-4P can continue to be used until that time.
