Learn about the federal W-4 forms, how to print a blank W-4 form from QuickBooks for your employees if needed, and how to add or change the info in your employee profiles.
There are two versions of the federal W-4 form: the 2020 and later, and before 2020. It’s important for you to have your employees fill out a W-4 and enter the info in QuickBooks. The W-4 is a vital part of the Federal Income Tax calculations on your employees’ paychecks.
|Note: Some changes to the 2020 and later form can impact your employee’s Federal Withholding on paychecks. It can also impact the amount of their refund or taxes owed when filing their personal tax return. Get more info.|
Important info about filling out a W-4
- Your employees can use either of the federal W-4 form: 2020 or newer, or before 2020.
- All of your employees should fill out a W-4. Per IRS guidelines, if you don't receive a completed W-4 from an employee, withhold their tax as if they’re single.
- If your employee switches to the 2020 or later W-4 form, they’ll likely notice a difference in Federal Withholding on their paychecks. And, the amount of tax owed or refunded when they file their personal tax return. Get more info.
- If your employee needs help understanding the W-4, or needs guidance for their tax situation. They should speak with a tax advisor or financial planner. Intuit and employers legally can’t provide W-4 advice.
|Note: Not sure which payroll service you have? Here's how to find your payroll service.|