www.njtaxation.org
Form NJ-W-4P
You can
use Form NJ-W-4P to notify your pension payer to begin, change, or stop withholding New
Jersey Income Tax from your pension or annuity payments.
Note: If you previously completed this form, do not file again unless you want to make a change.
Instructions
Fi
ll in your name, address, and Social Security
Number;
Enter the
identification number of your pension or annuity contract. If you do not find this
number on your annual pension or annuity statement, ask your pensio
n plan administrator;
C
heck only one box. If you are requesting to have Income Tax withheld, you also must en
ter
the amou
nt you want deducted
from each payment;
Sign and
date the comp
leted form;
Mail this form to the payer of your pension or annuity. If you do not have the
maili
ng address, you must contact your paye
r.
For State of New
Jersey retirees and benefit recipients only, visit the New Jersey Division of Pensions
and Benefits for mailing information.
Why should I file this form?
Your pension or annuity may be taxable and you may owe tax when you file your New Jersey
Income Tax return. Use this form to have the payer of your pension or annuity withhold New Jersey
Income Tax for you. If you choose not to withhold New Jersey Income Tax, you may be required to
make estimated tax payments.
Note: If you do not expect to owe Income Tax to New Jersey at the end of the tax year, do not
request to have New Jersey Income Tax withheld.
NJ-W-4P
CERTIFICATE OF VOLUNTARY WITHHOLDING OF NEW JERSEY GROSS INCOME
T
A
X
FROM PENS
ION AND ANNUITY PAYMENTS
Print Your Full Name Your Social Security Number
- -
ID Number of Your Pension or Annuity
(From Your Statement or Contact Your Payer):
________________________
Home Address
City or Town State Zip Code
I want to have New Jersey Gross Income Tax withheld from this pension or annuity payment in the amount of
$ .00 (Enter
a whole dollar amount of $10 or more for each payment.)
I want to stop withholding New Jersey Income Tax from this pension or annuity payment.
Y
our Signature
Date
MAIL THIS FORM TO YOUR PENSION OR ANNUITY PAYER
FORM MAY BE REPRODUCED
(04-17)
www.njtaxation.org
Is my pension or annuity taxable to New Jersey?
If you will recover 100% of your contributions to your pension or annuity within 36 months of your
first payment, your pension does not become taxable until you exceed your contributions. If it will
take longer than 36 months from the date of your first payment to recover 100% of your
contributions, use the General Rule Method to determine the taxable portion of your pension.
If your income for the entire year is not more than $20,000 ($10,000 if your filing status is single or
married/CU partner filing separate return), you have no tax liability to New Jersey.
Your pension is not subject to New Jersey tax if:
You were not a resident of New Jersey while receiving your pension or annuity payments.
It is a military pension resulting from service in the United States Army, Navy, Air Force,
Marine Corps or
Coast Guard.
It
is a pension received because of total and permanent disability and you are less than 65
years of age. Note: If you continue to receive pension payments after you turn 65, yo
ur
disability pe
nsion is then treated as an ordinary pension and taxable beginning th
at year.
For more information on the taxability of your
pension or annuity, visit publication
GIT-1, Pensions
and Annuities.
Wh
at amount of tax should I withhold?
To determine the amount of income tax to withhold, first estimate your expected New Jersey taxable
income and tax liability. Be sure to consider all sources of income you (and your spouse, if filing
jointly) have in the tax year and subtract any New Jersey tax exemptions, exclusions, and/or
deductions. Refer to the NJ-1040 instructions or use publication GIT-8, Estimating Income Taxes to
help estimate your income and tax liability.
If you have an estimated New Jersey tax liability, use the worksheet below to calculate the amount
of tax to withhold:
1. Estimated tax liability for the tax
year
$ ___________
2. New Jersey Income Tax paid/withheld by other
sources
$ ___________
3. Balance of tax (Subtract line 2 from
line 1)
$ ___________
4. Number of pension or annuity payments in the tax
year
___________
5. Amount of tax to withhold from each payment
(Divide line 3 by
line 4) $
___________
What if I have questions?
If you have general questions, contact the N
ew Jersey Division of Taxation Customer Service
Center at (609) 292-6400. Agents are available Monday through Friday 8:30 a.m. to 4:30 p.m. –
except State holidays.
