The Minnesota Department of Revenue recently updated Form W-4MNP, Withholding Certificate for Pension and Annuity Payments. This form is used by distribution recipients to report taxpayer information and exemptions to the payors, who use the information for withholding tax purposes.
While the form and payee instructions saw minor updates, the payor instructions saw substantial changes. Specifically, a table was added instructing payors on how to withhold on non-periodic distributions, and the requirement to file completed W-4MNP with the Department (in the case of 10 or more exemptions) was removed.
To review this form in its entirety please click here to visit the Department of Revenue online.