But in 2020, for the first time in more than three decades, the IRS has given its W-4 form -- which determines how much federal income tax is withheld from your paycheck -- a makeover. The agency ...

How Often Can an Employee Change a W4?. Form W-4 is the Employee's Withholding Allowance Certificate required for employees by the Internal Revenue Service (IRS). An employee normally completes ...

1. You can correct a W-4 tax form at any time You can correct a W-4 form anytime, but you are not required to file one yearly. If you are happy with your current tax withholding, you can leave ...

Here's what's changed in the W-4 and how to fill one out. Purpose of a W-4 form If you're like most employees, you probably last filled out a W-4 form when you were hired at a new company.

If you need to change your withholding, you need to complete a new W-4 form. The Tax Cuts and Jobs Act of 2017 put a slew of new tax rules into place beginning in 2018 and altered the tax picture ...

So the new form is worth a look, regardless of how long you have been on the job. The more accurate your W-4, the more accurate your withholdings are. Withhold too little and you’ll owe money at ...

Taxpayers still can file the old W-4 form to have more money withheld from their paychecks. A new W-4 is expected to roll out late this year for 2020.