Earlier this month the IRS released the final version of an updated Form W-4 (Employee’s Withholding Certificate) for 2020. While we’ve all known it’s been coming (especially since the draft versions were released in June and August), technology companies around the country are now scrambling to make sure their products and services support the new form’s requirements.
If you have responsibility for onboarding new employees, you should be aware of the requirements to use the new form. According to the IRS’ website:
- If a new hire is hired in 2019, but first day of work is in 2020, then the employee must complete the redesigned 2020 W-4
- If a new hire starts in 2019, then no action is required unless the new hire wants to adjust their withholdings in 2020
The good news for Jobvite customers is that Jobvite Onboard will be updated on January 1, 2020 to ensure the…