Proposed W-4 Design for 2020 Unveiled

The Internal Revenue Service (IRS) issued a draft of the 2020 Form W-4, Employee’s Withholding Allowance Certificate.

Taxpayers are reminded that this draft is not for current use and that the final Form W-4 should be available later in 2020, until then, employers are encouraged to use the current Form W-4. The IRS recommends taxpayers do a Paycheck Checkup as soon as possible to see if the right amount of tax is being withheld from their paychecks.

Please click here to read the details pertaining to this form. Source: Internal Revenue Service