October 2012
Beginner
784 pages
45h 24m
English
You can choose to have income tax withheld from Social Security benefits (and equivalent tier 1 Railroad Retirement benefits), unemployment compensation, crop damage payments, and Commodity Credit Corporation loans. The withholding request is made on Form W-4V. Electing to have tax withheld may eliminate the need to make estimated tax installments (27.2).
For unemployment compensation you may choose a withholding rate of 10%. For the other government payments, you may select a withholding rate of 7%, 10%, 15%, or 25%.
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