Please don’t get me wrong…what I’m about to describe is a good problem to have. I’ve spent some time now entering my various 2014 tax forms into Turbotax. I have a tax bill for 2014 as well as substantial estimated payments for 2015.


As I look at the various 1099-Div statements from USAA I’m wondering if anyone knows if USAA IMCO will withhold Federal Income tax (Box #4?) I do know there are investment companies that will voluntarily (based on the investor’s wishes) will withhold taxes based on the amount of the dividends. I know Fidelity did this service years ago at either a 15 or 28 percent rate.


I know I can have more withheld from my paycheck but I’m not interested in that solution. So does anyone know if USAA will perform this service?



Thank you for your comment regarding withholidings on investments. I did a bit of research and cannot find the answer easily on my end. An investment service specialist would be in the best position to address your concern. As such, we ask that you please click here to provide us with additional detail and your member information. You can also reach a service specialist at 1-800-531-8722