Good evening, @sanders-melody.
The W-4 forms in Desktop for 2019 and 2020 are both able to be viewed. You can see 2019's form that you filed this year, and create the 2020 form from your account. Here's how:
That's all there is to it. Now, you can view both forms to see which tax withholding works better for your business.
Feel free to drop a line if you have any other questions. Best wishes!
While that would be an awesome feature, there is no way to change between 2019 and 2020 W-4’s. This is especially true if you’ve already processed a paycheck.
Hope this helps clarify things a bit more.
Oh no. This is not good.
I have to re enter all the checks starting from January 2020 even the payroll but I need to go back to W-4 2019 for few of the previous ones.
I'm screwed. lol
I'll share some information about how W-4 Form works in QuickBooks Desktop.
Once you update an employee’s W-4 to the 2020 version, you’ll not be able to change back to the 2019 version. To fix this, we'll have to manually the enter year-to-date (YTD) amounts of your 2019 payroll. The YTD amounts are the summaries of employee paychecks and associated company liabilities for this calendar year to date.
I'll guide you how:
I encourage you to visit this article to learn more about the new changes to the Federal W-4 and how to enter and print a W-4 for employees: What’s changing with the Federal W-4?
If you need to track where your company stands in terms of employee expenses, you can refer to this link: Customize payroll and employee reports.
I'll always have your back if you need further assistance in managing your payrolls. I'm just one post away.
I actually did this and I do not have a 2020 W4 from the employee. I was just curious what difference it would make. He does not want to submit a new W4 and his hire date was in 2001. I haven't done a payroll with the new W4 info. Do I understand correctlly that I can't change it back?
Thank you for joining this thread, @ConnieJOS.
I'd be glad to give some additional information about the 2020 W-4. 2020 is well underway and employers will have to use the latest version of Form W-4 Employee’s Withholding Certificate. This IRS form was revised to more accurately calculate withholding due to the changed tax law made in 2017.
When you change the default option from 2019 to 2020, you'll receive a pop-up letting you know the following before you proceed:
You can also check out this link from the IRS that offers answers to FAQs on the 2020 Form W-4.
To learn more about the new changes to the Federal W-4, please refer to this article link: What’s changing with the Federal W-4?
Please leave a reply below if you have further questions. The Community is always here to help you. Take care always.
I'm happy to see my colleague was able to help you find the answers you were looking for, if you have any other questions, feel free to post here.
The Community's got your back!.