Wisconsin Retirement System Retiree Monthly Tax Withholding Calculator

This calculator can be used to determine how you would like to withhold taxes from your benefit payment for federal and ⁄ or State of Wisconsin taxes. There are separate forms to elect state and federal tax withholding. To elect both, you must submit both forms. The federal form cannot be printed from this calculator, use the "Go to Form W-4P" button to access it.

*Indicates that a field is required.2024 rates will be effective February 1, 2024

	Federal		Wisconsin State
Click the "Go to Form W-4P" button to access the IRS Form. Submit the completed W-4P to ETF to elect federal income tax withholding.		Click the "Print WI Tax Withholding" button below to access the State of Wisconsin withholding election form. Submit the completed form to ETF to elect state income tax withholding.
	Withhold no Federal taxes   You must write "No Withholding" on Form W-4P in the space below Step 4(c) and complete Steps 1a, 1b, and 5 on Form W-4P.		Withhold no Wisconsin taxes
*Monthly Gross Income	Federal Monthly Gross Income (required)	*Monthly Gross Income	Wisconsin State Monthly Gross Income
Investment in Contract (Link opens in new window)	Monthly federal nontaxable portion of Investment in Contract (Link opens in new window)	Investment in Contract (Link opens in new window)	Monthly Wisconsin nontaxable portion of Investment in Contract (Link opens in new window)
Net Taxable Amount	Federal Monthly Taxable Amount	Net Taxable Amount	Wisconsin State Monthly Taxable Amount
*Step 1(c)        Federal Marital Status	Federal Marital Status (required) Single or Married filing separately Married filing jointly or Qualifying widow(er) Head of household	*State Marital Status	Wisconsin State Marital Status (required) Single Married Married, but withhold at a higher Single rate
Step 2(b)(iii)  Income Job/Annuity	Federal Income Job/ Annuity	Number of Exemptions (max. 10)	Wisconsin State Number of Exemptions
Step 3     Dependent/Other Credits	Federal Dependent/Other Credits	Extra Withholding/Month	Wisconsin State Extra Withholding/Month
Step 4(a)   Other Income	Federal Other Income	OR
Step 4(b)   Deductions	Federal Deductions	Withhold this specific monthly amount for Wisconsin taxes:
Step 4(c)   Extra Withholding/Month	Federal Extra Withholding/Month
These calculators should not be considered tax advice. Any tax-planning questions or decisions on how to complete the Form W-4P or Wisconsin tax withholding elections should be directed to a tax advisor.