The W-4 form has been revamped by the IRS.
The IRS’ goal is to simplify the W-4 form to reflect a transparent withholding system. The 2021 W-4 form is still in it’s draft stages, but will most likely reflect the 2020 W-4.
Although the 2020 and 2021 W-4 forms appear different from previous forms, we’re here to break down the changes for you.