b'Share With Your Employeesfurnish a new Form W-4 to have accurate withholding. of tax that should be withheld from your paycheck. You Option 3: If there are only two jobs held at the samewill then enter that amount on line 4c, without reporting time in your household, you may check the box in Stepthe income to your employer. If you expect to have 2 on the forms for both jobs.The standard deductiondividend or capital gain income, your withholding will and tax brackets will be divided equally between the twobe more accurate if you have the calculator compute jobs. You would not need to furnish a new Form W-4 tothe withholding adjustment rather than reporting this account for pay changes at either job. This option is lessincome on line 4a.accuratemore tax than necessary may be withheld from14. I have a more complex tax situation.Is there a your wagesbut you generally wont have too little taxcomputer program I can use to help me complete withheld. (The more similar the earnings at the two jobs,Form W-4?Yes. To provide maximum accuracy, you are the more accurate this option will be. To get an idea ofencouraged to use the withholding calculator available how much overwithholding you can expect in your case,at www.irs.gov/W4app.Updates and improvements see the tables that will be provided in the 2020 Pub. 505.)to the calculator are underway that will be compatible This option reveals to your employer on your W-4 that youwith the redesigned Form W-4 in 2020. You may wish to have multiple jobs in your household.But it also is theuse the withholding calculator if you 1) expect to work easiest option to use: just check the box.only part of the year, 2) have dividend or capital gain 11. The instructions above Step 3 say that in multipleincome or are subject to additional taxes, such as the job households, adjustments in lines 3 throughnet investment income tax, 3) have self-employment 4b are to be made on only one form, and thatincome, 4) prefer the most accurate withholding for withholding will be most accurate if the adjustmentsmultiple job situations, or 5) prefer to limit information are made on the W-4 for the highest paying job. Butprovided in Steps 24 but do not want to sacrifice what happens if pay at two jobs is relatively similaraccuracy.or if the job that pays more changes over time?Employer FAQsIn general, making these adjustments on the Form15. Doesthismeanoursoftwarewillneedtwo W-4 for the highest paying job increases accuracy.systemsone for forms submitted before 2020 However, if the jobs in your household pay about theand another for forms submitted after 2019?Not same or if the job that pays more changes over time,necessarily. The same set of withholding tables will it is less important which Form W-4 is used to makebe used for both sets of forms.You can apply these the adjustment. tables separately to systems for new and old forms. 12. What if I have a side gig where Im not treated as anOr, rather than having two separate systems, you may employee?If you have self-employment income, youprefer to use a single system based on the redesigned will generally owe both income tax and self-employmentform. To do this, you could enter zero or leave blank tax.Form W-4 is primarily intended to be used byinformation for old forms for the data fields that capture employees who are not subject to self-employmentthe information on the redesigned form but was not tax.Thus, like the old Form W-4, the redesigned Formprovided to you under the old design.Additional W-4 does not compute self-employment tax.If youguidance will be provided on the payroll calculations would like to use Form W-4 to make an adjustmentneeded based on the data fields on the new and old to your withholding to account for self-employmentforms.income that you will receive from another source, use16. How do I treat employees hired after 2019 who do the withholding calculator at www.irs.gov/W4app ornot submit a Form W-4?New employees who fail refer to IRS Publication 505. to submit a Form W-4 after 2019 will be treated as a 13. What if I dont want to reveal my non-job income,single filer with no other adjustments. This means that such as income from earnings on investments ora single filers standard deduction with no other entries retirement income, to my employer (line 4a)?Youwill be taken into account in determining withholding. are not required to have tax on non-wage incomeThe IRS and the Treasury Department anticipate withheld from your paycheck.Instead, you can payissuing guidance consistent with this approach. estimated tax on this income using Form 1040-ES,17. Are employees hired after 2019 required to use the Estimated Tax for Individuals.However, if you wantredesigned form?Yes.Beginning in 2020, all new to use Form W-4 to have tax for this income withheldemployees must use the redesigned form. Similarly, from your paycheck, you have two options.You canany employees hired prior to 2020 who wish to adjust report the income on line 4a.If you dont want totheir withholding must use the redesigned form.report this income directly on line 4a, you can use the18. What about employees hired prior to 2020 who withholding calculator at www.irs.gov/W4app.Thewant to adjust withholding from their pay dated calculator will help you calculate the additional amount 40 www.mrca.orgMidwest Roofer'