form W-4

Man accepting new job and researching the new W-4 he may have to fill out.

IRS Releases New Form W-4 Draft

The IRS has released a draft of the new Form W-4, Employee’s Withholding Allowance Certificate which replaces the current W-4 starting in 2020.  Employees complete Form W-4 so that their employer withholds the correct amount of federal income tax from their pay. The redesigned Form W-4  provides taxpayers a simple, more accurate method in determining their…