IRS Releases Proposed Form W-4 Redesign
On Friday, May 31, 2019, the IRS released a new proposed design of the IRS Form W-4 to be used starting in 2020. The goal is to make it easier for employees to calculate accurate withholdings under the 2017 Tax Cuts and Jobs Act. Employees who already have completed a Form W-4 will not be required to submit a new Form W-4 simply due to the redesign. However, once finalized, the new Form will be required for employees hired on or after January 1, 2020. More information is available here.