New Form W-4 Does Not Apply to All State Tax Withholding – Are You Using the Right Forms?
|
APPLIES TO All Employers |
EFFECTIVE January 1, 2020 |
QUESTIONS? Contact HR On-Call |
In December 2019, the IRS issued a new Form W-4 to reflect the elimination of withholding allowances because individuals can no longer claim personal or dependency exemptions. While this was intended to allow for more accurate federal tax withholding calculations, it raises the question of what employers should do with respect to state tax withholding requirements.