Federal Income Tax Withholding Form - NEBF Monthly Payment - Election Instructions

Sep 19, 2026

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Federal Income Tax Withholding Form for the National Electrical Benefit Fund (NEBF) collects an election regarding whether federal income tax should be withheld from monthly NEBF pension payments. It instructs recipients to select withholding as either a dollar amount or a percentage, provide SSN, date, and signature, and specify the requested withholding level. The form explains continuing effect of elections, conditions where withholding may be applied by default, and potential estimated tax responsibilities or penalties.

LanguageEnglish

CategoryForms

FormatPDF

Pages1

AccessFree to download

Monthly Payment Election

Withholding choice (dollar amount or percentage)

SSN, date, and signature

Election duration and default withholding rules

Estimated tax and potential penalties

FEDERAL INCOME TAX WITHHOLDING FORM National Electrical Benefit Fund If you are not a citizen or resident alien of the United States, do not complete this form. Instructions: Please complete and return this entire form to our office. Withholding can be indicated as a dollar amount or as a percentage. MONTHLY PAYMENT Please do not withhold Federal Income Tax from my monthly NEBF pension payments. Please withhold Federal Income Tax of $ or % from each of my NEBF monthly pension payments. SSN DATE SIGNATURE The pension payments you receive from the National Electrical Benefit Fund (NEBF) are subject to Federal Income Tax withholding under Section 3405 of the Internal Revenue Code. You may elect not to have Federal Income Tax withheld from your monthly and/or retroactive pension payments, or inform us of the amount or percentage of Federal Income Tax you would like to have withheld. Your election will remain in effect until you change it, which you may do at any time (and as often as you wish) by signing a new election form, which may be obtained from this office. If your monthly pension payment exceeds $1,680 .00* and you do not return the election form to us, Federal Income Tax will be withheld from your pension as if you were a married individual claiming three withholding allowances. If you will be receiving more than $20, 160 .00* from the NEBF this year (regular monthly benefits plus retroactive payments, if applicable), it is possible that you could owe Federal Income Tax for the year. If you elect not to have Federal Income Tax withheld, or if you do not have enough Federal Income Tax withheld from your pension payments, you may be responsible for payment of estimated tax. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are not sufficient. *IRS Maximum Income Amounts Effective as of January 1, 2014. You may want to consult with a professional tax advisor or contact your local Internal Revenue Service office to determine the best withholding amount for you.

FAQs

Who should complete this federal income tax withholding form?

Do not complete this form if you are not a U.S. citizen or a resident alien. Eligible recipients use it to elect withholding for NEBF pension payments.

How do I indicate my federal income tax withholding for NEBF monthly pensions?

You may request withholding as either a specific dollar amount or a percentage from each NEBF monthly pension payment.

What happens if I do not return the election form or my payment exceeds certain limits?

If your monthly pension payment exceeds $1,680.00 and you do not return the election form, federal income tax may be withheld as if you were married with three withholding allowances.

Sep 19, 2026

Upload by Rizky