New W-4 for 2020

Details
Published on Friday, 17 April 2020 00:00

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.

The HR Partners Holiday Video - 2023

We appreciate your business, and we wish you nothing but the best for Christmas and the New Year holidays.

2024 will be an epic year and we can’t wait to work with you to continue the magic.

To view the video, click the image below or click here, and once you see the video on Vimeo, please click the play button. Enjoy!

 Christmas Video 2023

 

HR Advisor Newsletter

Latest Job Postings

What our clients say...

East Texas Electric Cooperative

Tambra Offield
Officer Manager
East Texas Electric Cooperative

“I first met Kristina Dietrick and learned of HR Partners at last year’s NRECA Interact conference.  Her presentation on developing an employee handbook was very informative.  Kristina sent me all the materials and introduced me to the staff who worked closely with myself and our General Manager to develop our new employee handbook specifically to fit our needs. 

We were so impressed that when our Board President asked about doing an evaluation of our General Manager’s performance, that we immediately thought of HR Partners.”

We can’t thank HR Partners enough for all their help with our GM’s review process.  Their knowledge and experience made the process so easy. 

I have recommended CBS to all 10 of our distribution cooperative members for all their human resources needs.