Nebraska Retirement Systems explains Form W4N for annuities and lump-sum withdrawals
Nebraska Retirement Systems advised members that Form W4N lets annuity recipients change Nebraska state income tax withholding, designate higher withholding for lump-sum distributions, and claim a one-year exemption after moving out of state; specific line instructions and a deadline to renew exemptions were provided.
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A presenter for Nebraska Retirement Systems told members that if they enroll in an Empers-administered annuity they may need to complete Form W4N to change Nebraska state income tax withholding.
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