December 12, 2019
The Internal Revenue Service (IRS) has released the new Form W-4 for calendar year 2020.
Starting 1/1/20, all new employees and any current employee who wishes to change their withholdings will be required to use the new paper form or make changes directly in PeopleSoft.
Existing employees who do not wish to change their withholdings do not have to take any action.
The new form can be found at: https://www.irs.gov/pub/irs-pdf/fw4.pdf. Additional information about the new form can be found on the IRS website.