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.
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