The Internal Revenue Service recently revised its W-4P form. The new form went into effect January 1, 2022. Refer to the IRS' revised W-4P form for definitions, instructions, and more information on this process.

You may use this feature to file federal income tax withholding elections for any of the following payments:

• Advance payments
• QPP retirement allowance payments
• TDA payments
• Qualified Domestic Relations Order payments
• Continuing death benefits under QPP and/or TDA

You may file your initial election or change a current election following receipt of the first applicable monthly payment from TRS. Elections made online generally would take effect approximately within two to six weeks. Elections made on a paper W-4P form would take effect approximately two months after TRS receives your form. The form is also available on the Internal Revenue Service (IRS) website at www.irs.gov.

Your payment accounts are listed on the main Payments screen. To begin, select a Payment Type and click “Update.”

On the next screen, you can elect to have no federal tax withheld from your payments. Please note that IRS regulations prohibit you from electing to have no federal income tax withheld from retirement benefits if your permanent home address is outside the United States. If you choose this option, click “Next” to confirm.

If you do not choose the above option, you must complete the applicable steps.

Step 1: Indicate Your tax Filing Status (referred to as “Marital Status” on the previous version of this feature).
Step 2: If you indicate that you or your spouse have a job, provide the information requested and proceed to Step 4c. If you indicate that you or your spouse do not have a job, provide the applicable information requested.
Step 3: Provide applicable information on dependents and other credits.
Step 4 is optional.
          In 4(a): Indicate estimated other income for the year.
          In 4(b): Enter deductions for the year other than the basic standard deduction.
          In 4(c): Provide any extra withholding amount you want withheld from each payment.

Click “Next” to review a summary of your new elections. Click “Previous” if you want to make changes, or Click “Finish” to submit your elections. A summary of your new elections will be posted to the main Payments screen.

If you wish to file elections for more than one type of payment account, you must file separate elections for each account. For assistance in determining tax withholding for your monthly payments, please consult with a tax advisor or refer to the instructions attached to the W-4P form.

This page displays the accounts that you have requested to receive your EFT payments.

Note: If you are an active member paid by the Department of Education (DOE) by direct deposit, your bank account information will be displayed here.

If the Status displays “Pending Verification,” this indicates that TRS is awaiting final authorization to establish EFT for this account. If the Status displays “Verified,” the account has been established for EFT. You can also view a list of accounts that are no longer activated for EFT. To get additional information, click “View Details.”  If you want to add another EFT account, click “Add New Account.”

Use this feature to create an Income Verification letter for QPP and/or TDA payments you receive from TRS. You can create a letter with or without deduction details. The letter will appear in a separate window, which you can download or print. You can elect to have your income verification letter mailed to a third party. You will be mailed a copy of this letter. In addition, a copy of all income verification letters are posted to “Correspondence” in Documents. If you wish to create an Income Verification letter for more than one payment type, you must create separate letters.

Please Note:

• In some cases, there may be a lag of up to seven days in the payment information that is available for the Income Verification letter. If the Last Paid Date shown does not reflect the latest payment, you can return to this feature to check if the Last Paid Date was updated. We apologize for any inconvenience resulting from this processing delay.
• Deduction details cannot be provided in your letter if a monthly payment includes a one-time retroactive amount or interest earnings (e.g., a retroactive retirement allowance payment or an allowance revision). If you need a letter with deduction details, return to this feature in the following month.