FOR ALL EMPLOYEES
Here is important information from the American Payroll Association:
“The IRS released a new version of its tax withholding estimator, which states it is ‘designed to help workers target the refund they want by having the right amount of federal income tax taken out of their pay’[IR-2020-09, 1-14-20]. The IRS urges workers to see if they need to adjust their withholding by using the tax withholding estimator to perform a paycheck checkup. The estimator will give users specific recommendations on how to fill out a new W-4 online and provides a PDF with key parts to fill out. The IRS also said that it is important for people with more than one job at a time (including families in which both spouses work) to adjust their withholding to avoid having too little withheld. As in the past, employees can choose to have an employer withhold an additional flat-dollar amount each pay period to cover income they receive from...other sources not subject to withholding.”
The link to the IRS tax withholding estimator is
Please remember, this will give you an estimation based on information you provide. Consult your tax preparer/advisor for more help. The West Bend School District Payroll Department cannot provide guidance on how to complete a 2020 W-4.
