Retired Military Tax Rates Change

Week of April 20, 2009

Retirees and annuitants may see a change in the amount of money they receive beginning May 1, 2009 thanks to a new tax credit that will reduce federal withholding tax rates. These new federal tax rates went into effect April 1, 2009 for the retired and annuity pay due May 1. The new tables can be found the IRS Website.

If you want to adjust your federal tax withholding after this tax credit takes effect you must submit a new Form W-4P, which is available on the Internal Revenue Service website. 

Mail a completed Form W-4P to: U. S. Military Retired Pay, P.O. Box 7130, London, KY 40742-7130; fax it to (800) 469-6559; or make the adjustment through an active myPay account online.

Please forward to anyone who may be moving to Fort Rucker in the future.

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Stay in touch, feel free to call with any questions, anytime 24/7.
Sincerely,

Karina Morgan REALTOR, ABR, GRI
CENTURY 21 Regency Realty, Inc.
(334) 477-2694
www.RuckerPCS.com

 

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