IRS Releases 2019 Form W-4

IRS Releases 2019 Form W-4

The 2019 version of Form W-4, Employee’s Withholding Allowance Certificate, was released by the Internal Revenue Service recently. The 2019 form is similar to the 2018 version of the form now in use and retains the use of withholding allowances. You can access this new version by going to our Resources>Forms>1. Employee W-4 Form section or to the IRS website directly.

The updated form replaces the first draft of the redesigned W-4, which was to remove reliance on the personal exemption and a discrete number of withholding allowances and was released June 5, with the IRS planning to introduce the redesigned form for 2019. The IRS is to release the redesigned W-4 for use in 2020 instead of 2019, the Treasury Department said Sept. 20 in a news release. At the time IRS released the first draft, employers and payroll organizations expressed concern at the extent of the proposed changes and the short time available for implementing the form by 2019, according to comments sent to the Treasury.

The W-4 for use in 2020 is to change because the tax code overhaul (Pub. L. 115-97) reduced the personal exemption to zero and modified tax withholding from wages, effective Jan. 1, 2018, the IRS said. Delaying significant changes to the form to 2020 provides “a timeline that will allow for continued work to refine the new approach for the form,” the Treasury said.

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