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Forms

• Moving Money to Your TIAA-CREF Accounts
• Taking Money From Your TIAA-CREF Accounts
• Opening an Account
• Adding/ Changing Your Beneficiary
• General Tax Forms
• Maintaining Your Accounts

General Tax Forms

• How is my income taxed?
• How do I determine the correct tax withholding for withdrawals?
• I want to designate state tax withholding, but I'm in a non-mandatory withholding state. How do I designate this?
• What is the difference between a W-8BEN and a W-7 Form? 

How is my income taxed? Withdrawals are generally taxed as ordinary income unless you have after-tax funds in the account. If you have after-tax funds in the account, that money is returned to you tax free upon withdrawal.

We are required to withhold 20% of the amount withdrawn for your federal taxes except for lifetime annuity payments and Minimum Distribution Option payments. You can either designate a dollar amount or percentage you want withheld or opt to have no withholding from these types of income methods. If you do not make an election, we will withhold 10% of your payments.

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How do I determine the correct tax withholding for withdrawals? For tax advice and the correct amount of withholding for your situation, please consult your tax advisor.

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I want to designate state tax withholding, but I'm in a non-mandatory withholding state. How do I designate this? You can include a signed and dated Letter of Instruction (LOI). You will need to provide your contract numbers and the dollar amount or percentage you want withheld from each payment.

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What is the difference between a W-8BEN and a W-7 Form? A W-8BEN form is used to certify your foreign status and is required for anyone living outside the United States.

A W-7 form is used when we do not have an Individual Taxpayer Identification or Social Security number on file for you.

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