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A version of this article appears in print on Dec. 14, 2019, Section B, Page 6 of the New York edition with the headline: On New W-4 Withholding Form, Allowances Are No More.
The federal tax law change took place in 2018, but the revised form has just been released. The IRS hopes the new W-4 is more transparent and less complex. But there are a few changes to be aware of.
In 2019, following the passage of the law known as the Tax Cuts and Jobs Act, P.L. 115-97, the IRS rolled out major changes to Form W-4, Employee’s Withholding Certificate. And while the updated Form ...
Updated their federal Form W-4 in 2018 or 2019. Previously claimed federal deductions that were impacted by federal tax law changes, such as the employee business expense deduction.
Read this before you fill out the new W4 form Filling out the revamped W-4 form correctly could save you a surprise tax bill By Andrew Keshner Published: Jan. 5, 2020 at 8:10 a.m. ET Share ...
So the new form is worth a look, regardless of how long you have been on the job. The more accurate your W-4, the more accurate your withholdings are. Withhold too little and you’ll owe money at ...
Of course, filling out tax documents can be confusing, even if a form is supposed to make it easier. Here's what you need to know about the new W-4 form (and what it looks like!).
The new IRS W-4 form should fix some of last year’s issues with employers withholding too much–or too little–income tax from their employees. But it comes with questions some of your ...
2. Withholding Allowances Are Gone The thing that really separates the 2020 W-4 form from the 2019 and earlier forms is the elimination of withholding allowances.
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