IRS Alters Name on Revised 2020 Withholding Form Draft

The name has changed on a second draft of the tax form employees are to file with employers for calculating withholding amounts in 2020.

A revised version of the draft 2020 Form W-4, “Employee’s Withholding Certificate,” was released Aug. 8 by the Internal Revenue Service. Employees filling out the form would no longer be able to claim withholding allowances, but would need to provide whole dollar amounts to employers is they want more accurate withholding during the year. The earlier version of the 2020 draft included the word “allowance” in the name of the form.

The second draft also removes ...