BHL Bogen

BHL Bogen
BridgehouseLaw LLP - Your Business Law Firm

Friday, January 10, 2020

2020 Form W-4



2020 Form W-4


The 2020 Form W-4, Employee's Withholding Certificate, is substantially different from previous versions of the form. The IRS revised the form to comply with the income tax
withholding requirements in the Tax Cuts and Jobs Act (Pub. L. 115-97). The form no longer uses the concept of withholding allowances to account for additional income, deductions, and tax credits, but includes lines where employees can enter those amounts directly so they can be used to calculate the withholding amount.
While the form is different, the IRS designed the withholding tables to work
with a prior year form or the 2020 form. The IRS is not requiring all
employees to complete a new form. However, the new form is required for all new hires in 2020 and for employees who have completed a Form W-4 before 2020 and want to make changes to their withholding in 2020. Also, while employers may not require employees to complete a new form, they may ask them to do so.
https://www.americanpayroll.org/compliance/compliance-overview/hot-topics/2020-form-w-4














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