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 https://www.irs.gov/individuals/tax-withholding-estimator.
For further information, refer to the finalized Form W-4 (2020) by clicking here.Back To List