WH Tax
Due to recent tax law changes, the Minnesota Department of Revenue is seeking feedback by July 7 on changes to Form W-4MNP, Minnesota Withholding Certificate for Pension or Annuity Payments.
We would like your feedback on the _drafted Form W-4MNP_, which includes these changes:
* Withholding will no longer be based on filing status and withholding allowances
* Taxpayers may request either a withholding percentage rate of their choice or a specific dollar amount withheld
* If a taxpayer did not complete Form W-4MNP, a flat 6.25% withholding rate will apply instead of withholding at single and zero allowances
* New separate sections for periodic and nonperiodic distributions will allow the recipient to choose a different withholding rate for both periodic and nonperiodic distributions on the same form
*Where can I send feedback?*
Email us feedback or comments to
[email protected] by *July 7*.
We appreciate your help in improving this form for you and your customers!
*Can I still use prior versions of 2023 Forms W-4MNP after it?s updated?*
Yes. We will accept both the newer and prior versions of 2023 Form W-4MNP for determining withholding on distributions.
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