A draft of the 2020 federal income withholding form was released May 30 by the Internal Revenue Service.
Employees filling out the new draft Form W-4, Employee’s Withholding Allowance Certificate, no longer would be able to claim any withholding allowances. A W-4 is filed with employers to calculate income tax withholding for each pay period.
“The new draft Form W-4 reflects important feedback from the payroll community and others in the tax community,” IRS Commissioner Chuck Rettig said May 31 in a statement. “The primary goals of the new design are to provide simplicity, accuracy and privacy for ...
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