b'Share With Your EmployeesIRS, TREASURY UNVEIL 4PROPOSED W-DESIGN FOR2020AD HEREwww.irs.gov/newsroomT he Internal Revenue Service issued a draft of thethey need to update systems before the final version of 2020 Form W-4, Employees Withholding Allowancethe form is released in NovemberCertificate that will make accurate withholding easierThe IRS reminds taxpayers that this draft W-4 is not for for employees starting next year. current use, but is a draft of the form to be used starting in The revised form implements changes made following the2020. Employees who have submitted a Form W-4 in any 2017 Tax Cuts and Jobs Act, which made major revisionsyear before 2020 will not be required to submit a new form affecting taxpayer withholding. The redesigned Form W-4merely because of the redesign. Employers can continue no longer uses the concept of withholding allowances,to compute withholding based on the information from the which was previously tied to the amount of the personalemployees most recently submitted Form W-4. exemption. Due to changes in the law, personal exemptionsFor 2019, taxpayers should continue using the current are currently not a central feature of the tax code. W-4. The IRS also continues to encourage people to do a The new draft Form W-4 reflects important feedback fromPaycheck Checkup as soon as possible to see if they are the payroll community and others in the tax community,withholding the right amount of tax from their paychecks, said IRS Commissioner Chuck Rettig. The primary goalsparticularly if they had too much or too little tax withheld of the new design are to provide simplicity, accuracywhen they filed their 2018 taxes earlier this year. People and privacy for employees while minimizing burden forwith major life changes, such as a marriage or a new child, employers and payroll processors.should also check their withholding.The IRS and Treasury collected extensive feedback overThe IRS cannot respond individually to those who submit the past year while working closely with the payroll andcomments, but the agency does appreciate the feedback tax community to develop a redesign that best servesand will consider all comments received. taxpayers.FAQs on the Early Release of the 2020 Form W-4The IRS released a near-final draft of the 2020 W-4 in1.Why redesign Form W-4? The new design reduces July to give employers and payroll processors the tools 38 www.mrca.orgMidwest Roofer'