On August 8, 2019, the IRS released the second draft of the 2020 Form W-4, Employee’s Withholding Certificate. The second draft is available for viewing here.
The computation of withholding has not changed from the first draft.
There are a couple of substantive changes from the first draft:
Thank you for choosing Paylocity as your payroll tax partner.
This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.
Date Posted: August 20, 2019