New W-4 Form Aims to Prevent Tax Refund Surprises, IRS Says
- New form will apply to workers who start new jobs in 2020
- Redesign reflects tax break changes in the 2017 tax law
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Upset with a smaller-than-anticipated tax refund this year? The IRS has a remedy for that.
The Internal Revenue Service is redesigning the key tax withholding form, , which tells employers how much to take out of your paycheck. The form is critical for filers to calculating withholding that wasn’t updated to reflect the new facets of the 2017 tax overhaul.