W-4s

Workers confused about W-4s: Here’s how payroll can help

Many don’t understand withholding or the form Payroll pros have heard a lot about the recently revamped W-4 by now. But most of your employees aren’t in the same boat. In fact, the form might not even cross their minds. A new survey from the American Institute of CPAs (AICPA) confirms what you may already [...]

March 24th, 2021|W-4s|

2020 Form W-4: Latest changes from the IRS & how to prepare

2020 Form W-4: Latest changes from the IRS & how to prepare Details on handling multiple jobs and exemptions If you ask the IRS, the revamped 202 Form W-4 will make employees’ federal income tax withholding “more accurate.” But to employees, a better description of the new form might be “more confusing”. And who’s going [...]

November 14th, 2019|W-4s|

IRS releases draft instructions for 2020 withholding

IRS releases draft instructions for 2020 withholding On the heels of the first draft version of the 202 Form W-4 comes a brand-new draft of the form’s updated withholding tables. The IRS just released an early draft of Publication 15-T, Federal Income Tax Withholding Methods, with the info Payroll needs to accurately withhold taxes next [...]

August 22nd, 2019|W-4s|

IRS’ new Form W-4 revealed: What Payroll should do next

IRS’ new Form W-4 revealed: What Payroll should do next A section-by-section look of anticipated 2020 form The wait is over: The IRS has just released its first draft of the revamped Form W-4 for 2020 and, as expected, it’s much more detailed than past versions of the form. The new form takes all the [...]

July 25th, 2019|W-4s|

More employees underwithheld for 2018, says IRS:

More employees underwithheld for 2018, says IRS: How Payroll can help Over one-fifth of workers may now owe taxes to IRS Underwithholding taxes from employees’ pay is a significant problem, and it’ll likely get worse going forward. According to a report from the U.S. Government Accountability Office (GAO), the percentage of Americans who aren’t withholding [...]

December 20th, 2018|W-2s, W-4s|

Major overhaul of 2019 W-4: Changes from the IRS so far

Form designed for more accurate withholding   The latest draft version of the new 2019 Form W-4 has many changes due to the Tax Cuts and Jobs Act.   Although the final form isn’t ready just yet, it’s important to get a heads-up on what’s coming. Here’s a rundown of the updates so far.   [...]

August 16th, 2018|W-4s|

2018 Form W-4 is finally here: Important updates, next steps

    IRS definition of ‘first date of employment’   The wait is finally over! The IRS has just issued its new Form W-4 in response to the changes made by the Tax Cuts and Jobs Act.   Here’s a rundown of what Payroll needs to know.   Changes to boxes   For starters, you [...]

March 29th, 2018|New hire, W-4s|