What you need to know
The Internal Revenue Service made substantial changes to the tax code that materially impact the 2020 tax year. As a result of these changes, the IRS released a new Form W-4 - Employee Withholding Certificate. As you prepare for the next payroll tax year, you need to be aware of these important changes:
- Any new employee starting January 1, 2020 or later must use the new Form W-4 - Employee Withholding…