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Indiana Public Retirement System

Indiana Public Retirement System (INPRS) > My Fund > Teachers > New Federal Income Tax Withholding New Federal Income Tax Withholding

What do the Percentage Method Tables for Income Tax Withholding show?

These tables show wage amounts, which are net wages after the deduction for total withholding allowances.

How are federal tax withholding rates calculated?

INPRS is required under federal law to report any distributions made to you in any given calendar year. Any or all amounts may be taxable. Your withholding amount is based on the federal tax election you filed with INPRS. If you did not make any election, per IRS guidelines, you would have defaulted to married with three exemptions. Under IRS rules, federal withholding is based on marital status and the number of allowances you claim when you make your federal income tax election.

How can I change my federal income tax withholding election?

You can log on to your PERF Online or TRF Interactive account to change your federal income tax withholding election. Alternatively, you may print off the Form W-4P, which is available to download from the IRS Web site here.

Where can I find additional information on federal income tax withholding?

Additional information on federal income tax withholding is available on the IRS Web site at http://www.irs.gov/.

  • Publication 505, Tax Withholding and Estimated Tax
  • Publication 919, How Do I Adjust My Tax Withholding?
  • Withholding Calculator
  • Form W-4P, Withholding Certificate for Pension or Annuity Payment

My January 2013 pension benefit payment was different from the usual amount. What may have caused this to change?

The recent change in 2013 tax tables may have changed the amount of your January pension benefit payment.

Where can I find more information on 2013 Percentage Method Tables for Income Tax Withholding?

Go online to http://www.irs.gov/pub/irs-pdf/n1036.pdf for more information.