New W-4 for 2020

The IRS updated the Form W-4 with significant revisions designed to make accurate income-tax withholding easier for employees in 2020. For your convenience, we have attached the new Form W-4. Additionally, to help employers navigate this change, we have compiled a list of the top five (5) changes employers should know about the new 2020 Form W-4:

  1. Current employees do not need to submit a new Form W-4 to their employers due to the redesign.
  2. All new employees hired as of January 1, 2020 must complete the new Form W-4.
  3. Current employees who would like to adjust their withholdings must use the new Form W-4. 
  4. Employees may need more time to complete the new Form W-4 than they did to complete the previous versions. Employers should allow employees to take the new Form W-4 home rather than complete it on their first day.  Employees can use the IRS Tax Withholding Estimator, a tool found on the IRS website, to help them complete the new Form W-4.
  5. Since Employers are not required to have existing employees complete the new Form W-4, Employers will need to program their payroll system to accommodate the existing withholding calculation, as well as the new method.

If you have any questions regarding the revised Form W-4, or any other HR needs, call HR Partners at 785-233-7860.

What our clients say...

Premier One Data Systems

Dave McDermott
President
Premier One Data Systems
 

“As Premier One has grown from a small business to a mid-sized business, the company has gone through a number of necessary changes to manage that growth. HR Partners assists us in managing that growth by improving multiple aspects of our business that fall outside of our primary area of expertise. Kristina provided staff training in customer service and time management. Margaret assisted us in developing a comprehensive employee handbook and job descriptions that follow HR best practices. John has developed, reviewed, and advised us on a number of contracts and other legal documents.

Premier One provides comprehensive IT consulting, so we understand that business model well. HR Partners is truly the best in the business for those who are looking for HR and Legal consulting all under one roof. Thank you HR Partners!”