Form W-4, Employee’s Withholding Certificate, received a makeover at the start of 2020. It’s the first major redesign of the form in 33 years, dating all the way back to 1987. The adjustments simplified the form and implemented the tax code changes that went into effect as part of the Tax Cuts and Jobs Act of 2017.
While many employers are not requiring their employees to complete the new form, some of your clients may find it beneficial to do so. To help them make smart adjustments, here’s a quick rundown of the main changes you will notice on the form.
Allowances have been removed
As you lo...
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