2020 Form W-4 Draft has been Issued by IRS and Treasury

NSTPInternal Revenue Service (IRS), W-4 form

2020 Draft of Form W-4 Issued

The first draft of 2020 Form W-4 has been issued and is now available for viewing and comments You can view the IRS’ early proposed design here. Comments about the 2020 Form W-4 draft are welcome and must be submitted by July 1, 2019. The agency can’t respond individually to all comments due to the large volume expected, but we do appreciate the feedback and will consider all comments received. Submit all comments to: WI.W4.Comments@IRS.gov. The IRS cannot respond to all comments due to the high volume we receive. “The new draft Form W-4 reflects important feedback from the payroll community and others in the tax community,” said IRS Commissioner Chuck Rettig. “The primary goals of the new design are to provide simplicity, accuracy and privacy for employees while minimizing burden for employers and payroll processors.” A near-final draft is expected to be released mid-to-late July. The summer release will give employers and payroll processors what they need to make system updates before the final form is released in November. The W-4 Instructions for employees are a part of this release and a separate set of instructions for employers will be available soon. The new W-4 form will better incorporate … Read More