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The other shoe drops for 2020 withholding

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Alice Gilman

by on
in Centerpiece,Payroll Management

It’s possible that the draft form and the draft instructions will undergo some tweaks. Second drafts should be released sometime next month. But the IRS advises that you start reprogramming based on those second drafts, because it’s unlikely that it will retreat from this new withholding method, like it did last year.

Clarifications

The draft W-4 is based on five “steps,” only two of which are mandatory. The IRS made some key clarifications in Pub. 15-T:

Step 1: Employees provide their names, addresses, S...(register to read more)

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