2020 IRS W-4 Form Will Be Easier for Employees
The IRS just released information regarding a new and improved W-4 form for the year 2020. This new form is streamlined, more straightforward, and the new form makes accurate withholding easier for employees. We encourage all employees to review the FAQs and use the IRS Withholding Calculator to help determine the correct withholding.
While you do not need to submit a new W-4, we encourage you to take a moment to make sure you have the correct withholdings set up. We don’t want you to be surprised; you can prevent this by checking your withholding can help protect you against having too little tax withheld and facing an unexpected tax bill or penalties at tax time next year.
If you have any questions, please reach out to your payroll or HR representative.