Benefit Tax Withholding Elections
The Benefit Tax Withholding Elections screen stores the Person's federal, state, and local tax-withholding elections. Each section is enabled by its own Withhold check box.
Screen items
- Federal Withholding: configure the Person's federal withholding method and Form W-4P information.
- Withhold: select this check box when federal income tax should be withheld.
- Basic Entries: enter the withholding information used by the selected method.
- Type: select the federal withholding method.
- Fixed Annual Amount: enter the annual amount to withhold when the selected method uses a fixed amount.
- Fixed Percentage: enter the percentage to withhold when the selected method uses a fixed percentage.
- Form Year: enter the applicable Form W-4P year, or select Pre-2022 for an earlier election.
- Filing Status: select the filing status used by the pre-2022 or basic withholding calculation.
- Number of Allowances: enter the number of federal withholding allowances.
- Annual Adjustment (+/-): enter an annual amount to add to or subtract from calculated withholding.
- IRS Form Values - Form W-4P: store the values from the selected Form W-4P year.
- Filing Status: select the filing status reported on Form W-4P.
- Line 2(b)(i), Line 2(b)(ii), and Line 2(b)(iii): enter the applicable multiple-pensions or multiple-jobs values. Line 2(b)(iii) is calculated by the application.
- Line 3 - Qualifying Children, Other Dependents, and Other Credits: enter the applicable credit information. The separate Line 3 field displays the combined value.
- Line 4(a) - Other Income: enter other income reported on the form.
- Line 4(b) - Deductions: enter deductions reported on the form.
- Line 4(c) - Extra Withholding: enter the additional amount requested on the form.
- Signature and Date: display the signature information stored with the election.
- View Form: open the associated Form W-4P.
- State Withholding: configure the Person's state withholding election.
- Withhold: select this check box when state income tax should be withheld.
- Percentage: enter the percentage to withhold.
- State Code and Lookup: identify the state whose withholding rules apply.
- Filing Status: select the applicable state filing status.
- Number of Exemptions: enter the applicable number of state exemptions.
- Annual Adjustment (+/-): enter an annual amount to add to or subtract from calculated state withholding.
- Local Withholding: configure the Person's local withholding election.
- Withhold: select this check box when local income tax should be withheld.
- Percentage: enter the percentage to withhold.
- Local Code: enter the applicable locality code.
- Filing Status: select the applicable local filing status.
- Number of Exemptions: enter the applicable number of local exemptions.
- Annual Adjustment (+/-): enter an annual amount to add to or subtract from calculated local withholding.
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