Also, taxpayers will not be penalized if they are underwithheld on their income from wages as long as they make a good faith effort to comply with the law and file a Form W-4A or W-4 by June 1, 1987.

The new W-4 form looks significantly different than the one taxpayers have been filling out for decades. It adds some steps, but only if they apply to your tax situation. Here's what you need to know: ...