The NPRC has been active in voicing concerns over whether employers would be able to timely and accurately implement the significant proposed changes to the 2019 Form W-4.
On September 20th,Â the Treasury Department announced that the IRS will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the form. Here’s a link to the full Treasury press release:
RoutineÂ updates (inflation adjustments, dates) will be made on the 2019 Form W-4. The early release is expected in a couple of weeks and the final release will be in the November/December time frame.Â The major revisions proposed in the draft 2019 Form W-4 will be considered for 2020.