The Internal Revenue Service has released a new design and options for the 2020 W-4 Employee’s Withholding Certificate form. The reason for the new design is to accurately determine the withholding using straightforward questions and less complicated worksheets. The form will be mandatory for all those hired after 1/1/2020, and any employee changing their withholding after 1/1/2020.
Entering into the Software
As of 1/1/20, on the withholding tab, you will see the checkbox to "Use 2020 W-4". Check that box.
There are no longer exemption numbers. Follow the instructions, and fill out the additional fields, as needed, that match the form.
For new hires after 1/1/20, collect the state withholding form from employees, as the State can no longer follow the Federal.
Click HERE for California's DE-4
Internal Revenue Service
The Internal Revenue Service www.irs.gov has added a Frequently Asked Questions page to their website.