The IRS issued the second draft of Form W-4 for 2020 on August 9. NPRC noted that up to ten states still have withholding allowances, but no state equivalent Form W-4; i.e., they rely on the IRS W-4, which will no longer have an entry box for number of allowances. NPRC drafted a joint letter with the APA to prompt states to either adopt new federal withholding inputs within their state income tax withholding regime, or issue a state Form W-4 equivalent with a box for state allowances. This letter may hasten state decision-making, resulting in more programming lead time in late 2019, in case some states make significant changes.
You also might be interested in
On June 14, MA Department of Family and Medical Leave[...]
The NPRC met with the Deputy Director of Legislation and[...]
In response to an act of fraud on the part[...]
Recent Posts
- NPRC Statement on Employee Social Security Tax Deferral
- NPRC and APA Offer Recommendations to Treasury and IRS re Social Security Tax Deferrals
- NPRC Comments on Proposed Safe and Healthy Workplace Tax Credit
- NPRC Advises Policymakers as to the Feasibility of an Immediate Payroll Tax cut
- Payroll Service Providers Generally Cannot Use the Multistate Employer Option for New Hire Reporting
Categories
Archives
- August 2020 (4)
- March 2020 (1)
- January 2020 (6)
- August 2019 (2)
- July 2019 (2)
- May 2019 (1)
- April 2019 (1)
- February 2019 (3)
- January 2019 (2)
- December 2018 (1)
- September 2018 (4)