Tax service company H&R Block breaks down what new W-4 form encompasses next to the old one here. Essentially, it is very similar. Taxpayers now have different filing status choices in the new form.

The Internal Revenue Service is redesigning the key withholding form, the W-4, which tells employers how much to take out of your paycheck. News. Home Page ; ...

Understand the W-4 form, its purpose, ... The Internal Revenue Service redesigned it in 2020 in a way that's intended to make things easier and more accurate.

What you need to know about the new W-4 form. ... to be less complex while increasing the "transparency and accuracy of the withholding system," according to the Internal Revenue Service.

The agency plans to release a new W-4 form that better incorporates the changes ushered in by the new tax law so that the amount held back for taxes in each of your paychecks is more accurate.

Form W-4, which instructs employers how much tax to withhold, got a makeover for 2020 from the Internal Revenue Service. The redesign reflects changes to the federal tax code from the Tax Cuts and ...