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The W-4 is changing! On December 5, 2019, the IRS released the long-awaited final version of the 2020 Form W-4, now retitled to Employee Withholding Certificate.

When the final version of the 2020 Form W-4 was released, the IRS emphasized the following points:

  • All new employees hired as of January 1, 2020, must complete the new form.
  • Current employees are not required to complete a new form but can choose to adjust their withholding based on the new form.
  • Any adjustments made after January 1, 2020, must be made using the new form.
  • Employers can still compute withholding based on information from employees’ most recently submitted Form W-4 if employees choose not to adjust their withholding using the revised form.
  • Publication 15-T, Federal Income Tax Withholding Methods, is slated to be released in mid-December for use with the new 2020 W-4 Form and will include steps employers can take to determine federal withholding.

You can find the new W-4 form on the IRS website here. For FAQs on the 2020 W-4 form, visit the IRS website here.

Please contact the Moore Colson team if you have any questions or need assistance.

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