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Do the LB 223 special withholding procedures include state withholding on my pension or annuity?

April 26, 2017Annuity lb Pension procedures special State withholding

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Do the LB 223 special withholding procedures include state withholding on my pension or annuity?

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No, the special withholding procedures do not apply to any pension or annuity payments. While pension and annuity payments may be deemed “wages subject to withholding” under both federal and state law, the special 1½% withholding procedures apply only to wages and salaries paid to active employees by their employer.