Federal Tax Withholding Calculator
The calculator is intended as an educational tool only. It allows you to estimate your federal tax withholding for GARS annuity payments and to develop personal retirement stategies.
This withholding calculator should not be used by active employees to estimate withholding for salary payments.
The calculator allows you to enter a gross pension amount and displays various withholding figures based on marital status and number of exemptions, up to a maximum of four. Remember, this is a projection based on information you provide.
The amount withheld is subject to applicable laws and tax codes at the actual time of retirement.
You may want to consider a tax consultant if necessary.
I have read the above and I am ready to do a calculation.