Main Street Practitioner Blog

Today, December 5, 2019, the IRS released the finalized version of the Form W-4 for 2020.

The new form incorporates changes from the Tax Cuts and Jobs Act of 2017, which are designed to make withholding estimates easier. It also features minor edits, and revised language in "Your Privacy."

Other changes since the draft release are more visual. They include:

• the Form W-4 is now a full page
• there are no withholding allowances (which is why the title of the form changed to “Employee’s Withholding Certificate”)
• steps 1 through 5 to guide employees through the form
• instructions, worksheets, and tables follow the first page

Tax preparers, accountants, and the general public can download the new form and instructions here.