The IRS has issued the a new 2020 W-4 form. The IRS only requires (1) employees hired in 2020 to complete the new form and (2) any employee who makes withholding changes in 2020. Below is a simple 5 step instruction on how to complete the form. We are also providing links to the form, frequently asked questions (FAQs), and the IRS Withholding Estimator.
Attention Employees: The IRS has just launched a new and improved Tax Withholding Estimator, designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay.
If you have any questions, please click on the links provided, you may also contact MMC Payroll Team at 800-899-6624.
The MMC Payroll Team cannot provide tax advice, please speak to your tax advisor if you are unsure of your exemptions or filing status.