New Jersey Releases Updated Form NJ-W-4P

Tom Hospod

May 23, 2017

This blog was last updated on June 26, 2021

The New Jersey Division of Taxation has released an updated version of its Form NJ-W-4P, Certificate of Voluntary Withholding of New Jersey Gross Income Tax from Pension and Annuity Payments. Pensioners and annuitants may use this form to instruct the payer withholding New Jersey Income Tax rather than making estimated tax payments.

The form itself is largely the same as the prior version, except it now includes an option to request that the payer cease the withholding of New Jersey Income Tax from payments. The new form also contains instructions in greater detail, publication references, and a worksheet to assist payees in determining the amount of tax to be withheld.

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Author

Tom Hospod

Tom Hospod is a Regulatory Counsel at Sovos Compliance. Within Sovos’ Regulatory Analysis function, Tom focuses om Affordable Care Act (ACA) reporting, Tax Withholding, and Automatic Exchange of Information (AEOI). Prior to Sovos, Tom worked as a legislative aide in the Massachusetts House of Representatives. Tom is a member of the Massachusetts Bar, earned his B.A. from Boston College and his J.D. from the University of Miami.

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