IRS: Withholding on certain periodic retirement and annuity payments
Tuesday, June 2, 2020 at 2:02PM
Banking Spectrum in Banking News, Pension
In Notice 2020-3, the IRS provided that, for 2020 the default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual claiming three withholding allowances when no withholding certificate is in effect.
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