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Redesign of Form W-4

2019 – 06/03 The IRS has issued a draft of its redesign of Form W-4, “Employee’s Withholding Allowance Certificate.” The revised form implements the changes affecting taxpayer withholding made by the Tax Cuts and Jobs Act. The form no longer uses the concept of withholding allowances tied to the personal exemption. Instead, it’s divided into five steps. All employees must complete Step 1 (where the employee will enter personal information, such as his or her filing status) and Step 5 (where the employee will sign the form). Steps 2 through 4 are optional. Beginning in 2020, all employers must use the new form for new employees. Read FAQs here: https://bit.ly/2MmQvMF

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