State Tax Information

Please note that state taxation of Roth IRAs is voluntary.

If your state of residence is Your option for State Tax withholding
AK, FL, HI, NH, NV, SD, TN, TX, WA, WY

No state tax withholding is available (even if your state has income tax).

AR, IA, KS, MA, ME, OK, VT

If you choose federal withholding, you will also get state withholding at your state's minimum withholding rate or anamount greater as specified by you.

If you do NOT choose federal withholding, state withholding is voluntary.

If you have state withholding, you can request a higher rate than your state's minimum but not a lower rate, excepton Roth IRA distributions.

CA, DE, NC, OR

If you choose federal withholding, you will also get state withholding at your state's minimum withholding rate unless you request otherwise.

If you do NOT choose federal withholding, state withholding is voluntary.

If you have state withholding, you can request a higher rate than your state's minimum but not a lower rate, excepton Roth IRA distributions.

DC
Only applicable if taking a full distribution of entire account balance.

If you are taking distribution of your entire account balance and not directly rolling that amount over to another eligible retirement account, DC requires that a minimum amount be withheld from the taxable portion of the distribution, whether or not federal income tax is withheld. In that case, you must elect to have the minimum DC income tax amount withheld by completing the Tax Withholding section.

If your entire distribution amount has already been taxed (for instance only after-tax or nondeductible contributions were made and you have no pre-tax earnings), you may be eligible to elect any of the withholding options.

If you wish to take a distribution of both taxable and nontaxable amounts, you must complete a separate distribution request form for each and complete the Tax Withholding section of the forms, as appropriate.

MI

MI generally requires state income tax of at least your state's minimum requirements regardless of whether or not federal income tax is withheld.

Tax withholding is not required if you meet certain MI requirements governing pension and retirement benefits. Please reference the MI W-4P Form for additional information about calculating the amount to withhold from your distribution.

If you are subject to MI state tax withholding, you must elect state tax withholding of at least your state's minimumby completing the Tax Withholding section.

Contact your tax advisor or investment representative for additional information about MI requirements.

MS

If you choose federal withholding, you will also get state withholding at your state's minimum withholding rate unless you request otherwise.

If you do NOT choose federal withholding, state withholding will occur unless you request otherwise.

If you have state withholding, you can request a higher rate than your state's minimum but not a lower rate, except on Roth IRA distributions.

OH

State tax withholding is voluntary. If you choose state withholding, you can choose a higher rate than your state's minimum but not a lower rate, except on Roth IRA distributions.

SC

SC requires state withholding if you have not provided a Tax ID or if you have been notified of a name/Tax ID mismatch and have not resolved the issue. Otherwise, state tax withholding is voluntary and you can choose the rate you want (any whole number between 1% and 99%).

All other states (and DC if not taking a full distribution)

State tax withholding is voluntary and you can choose the rate you want (any whole number between 1% and 99%).

Please contact your tax advisor for any questions about state tax withholding. While we attempt to keep this information current, state tax law is subject to change and may impact the accuracy of this information.