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Casey Posted: Saturday, January 4, 2020 7:57:56 PM(UTC)
IRS published the new 2020 Version W-4 with major change: allowances are no longer used for the redesigned Form W-4.

This change is meant to increase transparency, simplicity, and accuracy of the form. In the past, the value of a withholding allowance was tied to the amount of the personal exemption. Due to changes in law, currently you cannot claim personal exemptions or dependency exemptions.

We have updated our software. ezPaycheck 2020 payroll software, ezAccounting 2020 software, and online payroll system will support both previous and new W-4 forms.

Learn more about 2020 W4 change at
small business payroll & tax software solution

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