The 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. The Internal Revenue Service (IRS) revised the form to comply with the income tax withholding requirements within the federal tax law changes that took effect in 2018. We are glad to share the new 2020 form W-4 for your employees.
The IRS is not requiring all employees to complete the revised form. However, certain employees will be required to use the new form, including those hired in 2020 and anyone who makes withholding changes during 2020.
We are pleased to share several documents to assist you and your employees:
- A sample notice to send to your employees that announces the new form and encourages them to perform a “paycheck checkup.”
- The 2020 Form W-4 — What is Your Situation? includes answers to frequently asked questions to help employees complete the form depending on their circumstances.
- The 2020 Form W-4 with instructions. The 2020 withholding tables work with both the new form and prior-year forms.
Remember that you should not give tax advice to employees, but rather direct them to the IRS estimator or their tax professional for help.