Good to know - Changes to the W-4 form for 2020
The major change to the W-4 form is that withholding numbers are no longer used. The employee's tax dollar amount is calculated based upon the individual’s income and status.
The new W-4 Form
The new design reduces the form's complexity and increases the transparency and accuracy of the withholding system. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make accurate withholding easier for employees.
Download the new W-4 Form
https://www.irs.gov/forms-pubs/about-form-w-4
Frequently Asked Questions published by the IRS:
https://www.irs.gov/newsroom/faqs-on-the-draft-2020-form-w-4
