The NEW 2020 W-4

There are NEW federal payroll withholding tables in effect for 2020 resulting in LESS federal taxes being withheld from your paycheck. The NEW W-4 for 2020 will result in less withholding from your paycheck than in 2019.  If you are filing a 2020 W-4, PLEASE consult with your tax preparer.  My friend, Frank DeMaio, District Manager for ADP has provided the attached link for more detailed information relating to this topic.

IRS 2019 Form W-4 Represents Major Changes to Payroll

The NEW W-4 for 2020 will result in less withholding from your paycheck than in 2019.  If you are filing a 2020 W-4, PLEASE consult with your tax preparer.