The Benefit Tax Withholding Elections Screen is used for storing tax withholding elections for a Person.

• Federal Withholding: complete this section only if federal tax withholding should be applied to this Person's benefit payments. The entries here provide what is needed to determine the tax withholding amount.
  
  
  • Federal Income Tax Withholding Indicator: check this box to apply federal tax withholding. If no withholding is desired, then this box should be left un-checked.
  • Type: select whether a Fixed Amount or Fixed Percentage should be withheld, or if the witholding amount should be calculated using an IRS tax form.
  • Fixed Amount (annual): enter fixed amount withholding if withholding is expressed as an amount rather than elections or percentage.
  • Fixed Percentage: enter percentage withholding if withholding is expressed as a percentage rather than elections or amount.
  • Form Year: select a Form Year or choose Unknown.
  • Filing Status: indicate the filing status/code that is to be used for calculating federal withholding. Choose one of the following from the drop down box: None Selected, Single, Married filing jointly, Married filing separately, Head of household, or Qualified widower with child.
  • Number of Allowances: select the number of allowances that are to be used when calculating federal withholding.
  • Adjustment (annual): enter any additional federal withholding amount to be applied.
• IRS Form Values: use this section to auto-fill the applicable IRS W-4P Form for Tax Witholding Elections. Click View Form to see the filled out form.
• State Withholding: complete this section only if state tax withholding should be applied to this Person's benefit payments.
  
  
  • State Income Tax Withholding Indicator: check this box to apply state tax withholding. If no withholding is desired, then this box should be left un-checked.
  • Percentage: enter percentage withholding if withholding is expressed as a percentage rather than elections or amount.
  • State Code: space to indicate which state that taxes should be withheld (usually the person's state of residence).
  • Filing Code: indicate the filing status/code that is to be used for calculating state withholding. Note that these options can vary by state.
  • Number of Exemptions: select the number of exemptions that are to be used when calculating state withholding.
  • Additional Amount (+/-): enter any additional state withholding amount to be applied.
• Local Withholding: complete this section only if local tax withholding should be applied to this Person's benefit payments.
  
  
  • Local Income Tax Withholding Indicator: check this box to apply local tax withholding. If no withholding is desired, then this box should be left un-checked.
  • Percentage: enter percentage withholding if withholding is expressed as a percentage rather than elections or amount.
  • Local Code: space to indicate which locality that taxes should be withheld.
  • Filing Code: indicate the filing status/code that is to be used for calculating local withholding.
  • Number of Exemptions: select the number of exemptions that are to be used when calculating local withholding.
  • Additional Amount (+/-): enter any additional local withholding amount to be applied.