W-4 Updated for 2020

New W-4 required for some, helpful for others

The Internal Revenue Service is releasing a new W-4 form. It is required if you are hired or make withholding changes in 2020, but, even if it is not mandatory, the form could prove beneficial.

The W-4 tells employers how much federal income tax should be withhold from a worker’s paycheck. Accurately completing this form can help ensure you have the right amount of federal income tax withheld from your paychecks throughout the year.

See details here.

For Spanish translation, click here.