The IRS just released a draft of the Form W-4 that they a proposing to use for 2020.
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They came up with this after meeting with a national trade group of payroll tax processors –
the folks who prepare the vast majority of payrolls and payroll tax returns in the country.
Please open this file and look it over. fw4–dft 2020
You can read the IRS’s FAQs about the why’s and how’s of this form here:
https://www.irs.gov/newsroom/faqs-on-the-early-release-of-the-2020-form-w-4
Let us know what you think of this.
