Tag: tax withholding
Posted in Compensation
New Form W-4, Tax Withholding Method
In December 2019, the IRS released its new Form W-4, Employee’s Withholding Certificate for 2020. Prompted by the 2017 Tax Cuts and Jobs Act, the…
Posted in Compensation
Social Security Announces 2020 Taxable Wage Base
The Social Security Administration (SSA) recently announced that the Social Security taxable wage base for 2020 will increase to $137,700 from $132,900. This is the maximum…
Posted in Compensation
Avoid Tax Surprises: IRS Promotes #PaycheckCheckup
The Internal Revenue Service (IRS) has launched a #PaycheckCheckup campaign to remind taxpayers to check their federal income tax withholding now to avoid an unexpected…
