IRS Releases New W-4 Form & Tax Withholding Estimator
After much anticipation, the IRS debuted the new 2020 Form W-4 in December 2019. The form has been completely revamped as a result of the 2018 Tax Cuts & Jobs Act (TCJA). The redesigned form is intended to simplify a potentially complicated process and assist employees in making accurate determinations on federal tax withholding. Since 2018 was the first–year taxpayers were impacted by the […]