2020 Form W-4 Is Complicated and Invasive

 In June, I wrote about the proposed new Form W-4.  The final Form W-4 for 2020 can be found here with an explanation on how to fill it out.  Be prepared for a long process using a worksheet or an IRS calculator (which will not have 2020 tax information until 2020).  It is as complicated as filling out the new tax forms and requires an invasive amount of information about your incomes.

If you have multiple jobs, a employee job and a self-employed business, are a new employee but not
paid until 2020, or want to adjust withholding, you will want to review the Form and instructions as well the Employee and Employer FAQs.  

If you have a single employer and were paid in 2019, you do not have to file a new Form w-4.

If you have multiple jobs, you may want to use the calculator or worksheet to determine if you should/want to file a new Form W-4 with all your employers.

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