The Employee Withholding Certificate, commonly known as the Form W-4, is an IRS form used by an employer to withhold the correct federal income tax from an employee’s pay.
- The legal requirement that the employer withhold income tax from employee compensation
- Information provided on the 2020-W-4 and how it is used
- 2020-W-4 line by line
- How to compute withholding for the 2020-W-4 and year W-4 Forms still in effect
The new form does not use withholding allowances, so the method for computing withholding has changed. Since existing employees who do not want to change their withholding amount may leave prior Forms W-4 – Withholding Allowance Certificate in effect indefinitely, payroll professionals will have to know how use both withholding calculation methods.
- Payroll Professional
- Public Accountants
- Tax Compliance Officers
Patrick Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice.
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