W-4 Changes for 2020: Final IRS Updates
Summary
The Tax Cuts and Jobs Act passed in 2017 created some of the biggest tax law changes taxpayers have seen in decades – so big that we’re still adjusting going into 2020!
One of the changes is the new Form W-4, which the IRS has updated to better align with the TJ&CA. These most recent changes are expected to be the final for the new 2020 form.
In this 60-minute workshop, we’ll cover the updates to the new W-4, and what it means for you as an employer. We’ll uncover:
- What the final version of the new W-4 looks like
- Who needs to fill out the new W-4
- Updates necessary for your W-4 processing
- Uncomplicating new tax calculations that come with the 2020 form
- What you should do with your pile of old W-4's
Program Highlights
Don’t risk non-compliance: Everything you need to know about the new W-4
- If and when employees need to update forms
- Updated processing and maintenance for your employees’ old and new forms
- Invalid form red flags: Quickly catch inevitable mistakes on new forms
Calculating employee withholding in 2020
- Which version of the W-4 to use while computing withholding – and when
- Breakdown of the new withholding tables – and where your employees fall
What to do in special W-4 cases:
- Non-resident alien
- W-4P and W-4S
- Electronic W-4's
- Lock-in letters
- Exempt W-4 processing
Question and Answer Session - Hear expert answers to real-world questions!
About the Speaker
Dayna Reum is currently the Director of Payroll Operations at Ann & Robert Lurie Children’s Hospital of Chicago. Dayna has been heavily involved in the payroll field over 17 years.
- During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association
- Dayna has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll.
- Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee).
Program Benefits
In this up-to-date workshop, you and your team will learn the final changes and filing requirements for the new 2020 Form W-4.
