Hereâ€™s Everything You Need To Know To Prepare For the 2020 Form W-4 Changes
Starting next year, Form W-4 will look a little different.Â
When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, it was only a matter of time before sweeping changes would affect Form W-4, too. And those changesâ€”arguably the biggest since the form debuted in 1943â€”are finally coming to fruition for the 2020 tax year.
The main reason for the change?Â According to a press release from the Treasury and the IRS,Â the new Form W-4 â€œreduces th...
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Author: Al Calabrese
Written: Tuesday, November 19th, 2019 - 1 Month ago