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W-4 2020 FAQs

General FAQs   1. Why redesign Form W-4? The new design reduces the form’s complexity and increases the transparency and accuracy of the withholding system. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make accurate withholding easier for employees.  2. What happened […]

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Article via: www.shrm.com "At the close of February, the IRS released an updated tax withholding calculator on IRS.gov and issued a new Form W-4, Employee's Withholding Allowance Certificate. Employees can use the online calculator to check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December. If employees choose to [...]

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