Get the free 2014 Form W-4P - Kentucky Teachers' Retirement System - ktrs ky
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Phone: (502) 696-8800 Fax: (502) 696-8822 yet.KY.gov. Form 6017. Revised ... use Form W-4P to choose (a) not to have any federal income tax withheld from.
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How to fill out 2014 form w-4p
How to fill out 2014 form w-4p:
01
Provide your personal information: Start by filling out your full name, address, and social security number accurately in the designated spaces on the form.
02
Select your marital status: Indicate whether you are single, married, or married but withholding at the higher single rate. Choose the option that best applies to your situation.
03
Claim exemptions: Determine the number of exemptions you are claiming. This refers to the number of dependents you have or any other factors that affect your tax withholdings. The more exemptions you claim, the less taxes will be withheld from your paycheck.
04
Additional withholding: If you want to have additional federal income tax withheld from your paycheck, specify the extra amount you wish to be withheld in this section.
05
Sign and date the form: Make sure to sign and date the form at the bottom to certify the information provided is accurate.
06
Submit the form: Submit the completed form to your employer for processing.
Who needs 2014 Form W-4P:
01
Retirees receiving pension payments: If you receive pension payments from a retirement plan, you may need to fill out Form W-4P to determine how much federal income tax should be withheld from your pension payout.
02
Individuals with annuity payments: If you receive annuity payments, which are periodic payments from an insurance contract or investment, you may need to complete Form W-4P to ensure the correct amount of federal income tax is deducted from each payment.
03
Recipients of periodic distributions from non-work-related sources: If you receive distributions from sources such as individual retirement arrangements (IRAs) or profit-sharing plans, you may need to fill out Form W-4P to specify the federal income tax withholding on these distributions.
Note: It is important to consult a tax professional or refer to the IRS guidelines to determine if you specifically need to fill out Form W-4P and ensure compliance with tax regulations.
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