Harbor Ira Withholding Options Form Page 3
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State Income Tax Withholding Rules
General Rules:
In most cases, state withholding applies to state residents only. In Maine, Massachusetts, Montana, Nebraska,
Oregon, and Wisconsin, state withholding also applies to individuals required to file a state tax return in that state.
Financial organizations are only required to offer state withholding for states in which they have a presence.
If a state withholding election is not made and state withholding is required, state tax will be withheld.
A state withholding election may be changed at any time and will apply to payments made after the change.
State Specific Rules:
ARKANSAS. IRA distributions are subject to state withholding at 3.0% of the gross payment, unless the IRA owner
elects no state withholding.
CALIFORNIA. IRA distributions are subject to state withholding at 1.0% of the gross payment, unless the IRA owner
elects no state withholding.
CONNECTICUT. IRA distributions are subject to state withholding when the IRA owner elects state withholding and
specifies an amount. If state withholding is elected, the financial organization is not required to withhold the amount
specified if it would result in a net payment of less than $10.
DISTRICT OF COLUMBIA. Lump-sum IRA distributions are subject to mandatory state withholding at 8.95% of the gross
payment, except for any after tax amount in a lump-sum distribution or a trustee to trustee transfer between IRAs.
IOWA. IRA distributions are subject to state withholding at 5.0% of the gross payment if federal income taxes are
withheld from the payment.
KANSAS. IRA distributions are subject to state withholding at 4.5% of the gross payment if federal income taxes are
withheld from the payment or if the IRA owner requests state withholding in writing.
LOUISIANA. IRA distributions are subject to state withholding only when the IRA owner elects state withholding
and specifies a percentage not to exceed 4.8% of the gross payment.
MAINE. IRA distributions are subject to state withholding at 5.0% of the gross payment if federal income taxes are
withheld from that payment.
MASSACHUSETTS. IRA distributions are subject to state withholding at 5.10% of the gross payment if federal
income taxes a re withheld from the payment. (Exception: A payment is not subject to state withholding if it is
excluded from taxation under Massachusetts law.)
MICHIGAN. Any taxable distribution from an IRA received by an IRA owner or beneficiary born after December 31,
1945, is subject to state withholding at 4.25% of the gross payment, unless the IRA owner furnishes the financial
organization with a completed Form Ml W-4P. Withholding also applies to any taxable distributions received by an
IRA owner or beneficiary born before 1946 that exceeds certain income thresholds. Withholding is not required on
qualified distributions from Roth IRAs. Form Ml W-4P may be obtained from the Michigan Department of Treasury.
MONTANA. IRA distributions are subject to state withholding when an IRA owner elects state withholding and
specifies an amount. If state withholding is elected, the financial organization is not required to withhold the amount
specified if it would result in a net payment of less than $10.
NEBRASKA. IRA distributions are subject to state withholding at 5.0% of the gross payment if federal income taxes
are withheld from the payment or if the IRA owner requests state withholding in writing.
NEW JERSEY. IRA distributions are subject to state withholding when an IRA owner elects state withholding
and specifies an amount. The IRA owner must specify an even dollar amount. If state withholding is elected, the
financial organization is not required to withhold the amount specified if the withheld amount would be less than
$10 (per payment).
NORTH CAROLINA. IRA distributions are subject to state withholding at 4.0% of the gross payment, unless the IRA
owner furnishes the financial organization with a completed Form NC-4P. Form NC-4P may be obtained from the
North Carolina Department of Revenue.
OKLAHOMA. IRA distributions are subject to state withholding at 5.0% of the gross payment if federal income taxes
are withheld from the payment or if the IRA owner requests state withholding in writing.
OREGON. IRA distributions are subject to state withholding at 8.0% of the gross payment, unless the IRA owner
elects no state withholding.
VERMONT. IRA distributions are subject to state withholding at 2.4% of the gross payment if federal income taxes
are withheld from the payment or if the IRA owner requests state withholding in writing.
WISCONSIN. IRA distributions are subject to state withholding when an IRA owner elects state withholding and
specifies an amount. If state withholding is elected, the financial organization is not required to withhold the amount
specified if the withheld amount would be less than $5 (per payment).
OTHER. This section is reserved for use if a state modifies its withholding requirements.
Distributed by Harbor Funds Distributors, Inc.
F.IRA.TWHN/E Revised 09/27/2017
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