Frequently asked questions about the 2020 Form W-4

If you’ve seen a copy of the 2020 Form W-4, you’ve probably noticed that there are no longer any withholding allowances. This fundamentally changes the way we’ve withheld income for many years and raises a host of questions for both employers and employees.

For instance, you may wonder

  • How do I treat employees hired after 2019 who do not submit a Form W-4?
  • May I ask all of my employees hired before 2020 to submit new Forms W-4 using the redesigned version of the form?

Your employees, meanwhile, may want to know:

  • What if I don’t want to reveal to my employer that I have a second job?
  • What if I don’t want to reveal my non-job income, such as income from earnings on investments or retirement income, to my employer (line 4a)?

For answers to these questions and more, download our Frequently Asked Questions About 2020 Form W-4.

TAGS: Tax Regulatory Compliance Compliance