Citi Benefits Handbook
How Benefits Are Taxed
The following is a brief summary of certain federal income tax laws and their application to your benefits under the Plan as of the date of this SPD. This summary is intended for U.S. employees only and does not address state or local income taxation. Regardless of your tax-paying status, you should consult a professional tax adviser to determine the applicability or interpretation of any federal, state, or local tax laws that may be relevant to your individual situation. The tax year cut off for payments is determined each year by the Plan's Trust and is earlier than the end of the calendar year. Please confirm the tax year cut-off date to ensure your year-end distribution is reflected in the tax year you desire. Future changes in the law may affect the tax analysis described in this SPD and other benefits-related communications.