

Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Community
Ask the community for help and clear up your study doubts
Discover the best universities in your country according to Docsity users
Free resources
Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors
Instructions and a worksheet for completing form va-4p, the virginia withholding exemption certificate for recipients of pension and annuity payments. The form is used to notify the pension or annuity payer whether income tax is to be withheld and on what basis. How to calculate personal exemptions and provides instructions for completing the form.
What you will learn
Typology: Summaries
1 / 2
This page cannot be seen from the preview
Don't miss anything!
Use this form to notify your pension administrator or other payer whether income tax is to be withheld, and on what basis. Am I required to file Form VA-4P? Yes. You MUST file Form VA-4P with your pension or annuity payer before your payments begin. If you do not file Form VA-4P, your payer is required to withhold Virginia income tax from your payments as if you had claimed zero exemptions. Can I elect “no withholding”?. You may use this form to elect “no withholding” PERSONAL EXEMPTION WORKSHEET
1. Enter “1” for yourself................................................................................................... 2. If you are married and your spouse is not claimed on his or her own certificate, enter “1” ...................................................................................................................... 3. Enter the number of dependents you will claim on your income tax return (do not include your spouse) ...................................................................................... 4. Subtotal of Personal Exemptions – add Lines 1-3 ...................................................................................... ___________________ 5. Exemptions for age a) If you will be 65 or older on January 1, enter “1” ................................................. b) If you claimed an exemption on Line 2 above and your spouse will be 65 or older on January 1, enter “1”................................................................. 6. Exemptions for blindness a) If you are legally blind enter “1” ........................................................................... b) If you claimed an exemption on Line 2 above and your spouse is legally blind, enter “1” .......................................................................................... 7. Subtotal of Age and Blindness Exemptions – add Lines 5 & 6 ................................................................... ___________________ 8. Total exemptions (add Lines 4 and 7) .................................................................................................... ___________________ --------------------------------------- CUT HERE AND SEND TO THE PAYER OF YOUR PENSION OR ANNUITY ------------------------------------- Form VA-4P Virginia Withholding Exemption Certificate for Recipients of Pension and Annuity Payments Complete the applicable lines below: 1. If subject to withholding, enter the number of exemptions claimed on: (a) Subtotal of Personal Exemptions – Line 4 of the Personal Exemption Worksheet................................ ___________________ (b) Subtotal of Age and Blindness Exemptions – Line 7 of the Personal Exemption Worksheet ................ ___________________ (c) Total Exemptions – Line 8 of the Personal Exemption Worksheet......................................................... ___________________ 2. Enter the amount of additional withholding requested (see instructions) .................................................... ___________________ 3. Enter the amount of voluntary withholding requested (see instructions) ..................................................... ___________________ 4. I certify that I am not subject to Virginia withholding, either because I have elected “no withholding” for federal purposes, or I meet the conditions for exemption set forth in the instructions
Signature _______________________________________________________________________ Date _______________________________
if you have made a similar election for federal purposes, or if you meet any of the conditions listed in the instructions for Line 4 of Form VA-4P on the reverse side of this sheet. What if I have other income? If you have income from other sources which is not subject to Virginia income tax withholding, you should consider making estimated tax payments on Form 760ES or requesting that an additional amount of tax be withheld from your pension or annuity payment. You can download Form 760ES or electronically file your estimated payment on our website, www.tax.virginia.gov. You may also order Form 760ES by calling (804) 367-8037 or contacting your local commissioner of the revenue. How do I complete Form VA-4P? Be sure to read the instructions on the reverse side of this page carefully before completing Form VA-4P. If you need assistance, you may contact the Department of Taxation at (804) 367-. Your Social Security Number Name Street Address City State ZIP Code 2601062 Rev. 04/
Taxable Years 2005, 2006 and 2007 Taxable Years 2008 and 2009 Taxable Years 2010 and 2011 Taxable Years 2012 and Beyond Single $7,000 $11,250 $11,650 $11, Married $14,000 $22,500 $23,300 $23, Married, filing a separate return