IRS Finalizes 2020 W-4

IRS Finalizes 2020 W-4

The IRS has issued the final 2020 Form W-4, effective January 1, 2020. The form was revamped to provide more transparency and accuracy for withholding.

With the release of the finalized Form 2020 W-4, all new employees must complete the 2020 Form W-4. Current employees only need to complete the new form if they are making changes to their withholding.

The IRS also set up the Tax Withholding Estimator to serve as a “paycheck checkup” tool to help ensure the correct amount is being withheld from employee wages. You can find the Tax Withholding Estimator tool at

For further information, refer to the finalized Form W-4 (2020) by clicking here.

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The Cultural Alliance of Greater Washington has worked with Bormel, Grice & Huyett, P.A., since 1988. Their knowledge of the arts and the arts community make their services invaluable. They can translate accounting terminology into a comprehensive language. For many organizations, the accounting firm of Bormel, Grice & Huyett provides the financial "information bridge." We whole-heartedly recommend Bormel, Grice & Huyett, excellent accountants who care about our arts organizations.
Jennifer Cover Payne, Executive Director, Cultural Alliance of Greater Washington

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