The Internal Revenue Service (IRS) revised the federal tax withholding form W-4P in 2022. Beginning January 1, 2023 changes to your tax withholding can be done through your KCERA member portal account or by submitting the new IRS form W-4P for Federal withholding and form DE 4P for California tax withholding.
Refer to IRS Publication 15-T available at www.irs.gov for more information about the redesigned federal tax withholding form. You may also obtain a copy of Internal Revenue Service Publication 575 (“Pension and Annuity Income”) or visit www.irs.gov for more information on the taxation of your retirement benefit.
KCERA cannot provide you with tax advice regarding the taxation of your retirement benefit or federal or state tax withholding. If you have questions, please consult with a professional tax advisor.