Manage your tax options with myCalSTRS
Tax season is here and the filing deadline is approaching.
While it’s too late to make adjustments for your 2020 taxable income, it’s a good time to get a head start for 2021.
You can make changes to your tax withholding preferences and get in touch with us using our secure online messaging system with your myCalSTRS account. With myCalSTRS, you can ensure all your information is up to date, including your current marital status and desired number of tax allowances.
Also see the “Governance, tax information and legal matters” section of the CalSTRS Member Handbook to learn more about your tax options.
Under federal law, we will withhold income tax from the taxable portion of your benefit unless you choose not to have taxes withheld. This requirement also applies to California state income tax for California residents.
To elect tax withholding, complete the Income Tax Withholding Preference Certificate form (also included in the Service Retirement, Refund and Disability Benefits applications).
While we can’t make doing your taxes fun, setting your preferences early can make it easier next spring.