The Internal Revenue Service (IRS) has released a redesigned W-4 Form that must be used starting January 1, 2020.
Form W-4 is used by employees to inform employers how much money to withhold from their paycheck for federal income taxes.
What’s New
- Effective December 19, 2019, we are renaming the existing candidate export to Historic Federal Income Tax Withholding. The Federal Income Tax Withholding option will export the 2020 fields. You must use the date range to capture the candidates that completed the form after the new form was released.
- Beginning in 2020, all new employees must use the redesigned form.
- The new redesign replaces complicated worksheets and the SterlingONE calculator with more straightforward questions to make accurate withholding easier for employees.
- Withholding allowances are no longer used to increase transparency, simplicity, and accuracy. Any employees hired prior to 2020 who wish to adjust their withholding must use the redesigned form.