Minnesota Updates Withholding Certificate for Pension and Annuity Payments

Paul Ogawa
September 7, 2022

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.

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Paul Ogawa

Paul Ogawa is a Senior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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