100°F
weather icon Clear

U.S. government announces redesigned Form W-4

The U.S. Treasury Department and the IRS recently introduced a redesigned Form W-4 for tax year 2020.

Several changes were made to the draft form based on extensive feedback from stakeholders with the goal of developing a form that provides taxpayers with a more flexible and transparent withholding system, the department said in a news release.

The redesigned Form W-4 uses a building block approach that replaces complicated worksheets with straightforward questions that make it easier for employees to determine a more accurate withholding.

Employees who have submitted a Form W-4 in any year before 2020 are not required to submit a new form merely because of the redesign, the news release stated.

Employers will continue to compute withholding based on the information from the employee’s most recently submitted Form W-4, the announcement also said.

Treasury and the IRS are releasing this near-final improved Form W-4 now, to allow employers and payroll processors ample time to learn about the new form and update their systems for 2020.

The Treasury Department does not anticipate further changes to the redesign beyond minor updates for inflation.

For more, see treasury.gov on the web.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Exposure forces closure of Pahrump Justice Court

The Pahrump Justice Court announced Monday that it will be closed effective Tuesday, July 7 because of a COVID-19 exposure.

Tax deadline coming up on July 15

As the July 15 deadline for filing income taxes nears, the IRS is reminding taxpayers who have yet to file that IRS.gov has tools and services to help them meet their tax obligations.

Bars closed again in Nye, 6 other Nevada counties

Nye County was one of seven Nevada counties affected when the Nevada Department of Health and Human Services announced the elevated disease transmission criteria for determining whether a county must revert to Phase 1 of the state’s reopening plan for bars.

Appreciation Picnic honors Pahrump’s and Nye’s first responders

With red, white and blue decorations gracing tables, American flags and banners lining the fence and snapping in the breeze, balloons floating in the air and big smiles at the ready, area residents came together last week to honor the men and women who take on the duties of first responders for not just Pahrump but the entire county of Nye.

Pahrump pool season sinks amid lack of lifeguards

After the announcement that the 2020 Pahrump Community Pool season had been scrapped because of a lack of staffing applicants and the subsequent push to get more locals to apply for one one of the open positions that followed, the town of Pahrump was hoping that this year’s pool season would be saved.

UNR scientists make key advance in X-ray images

A team of scientists, led by University of Nevada, Reno’s Hiroshi Sawada, an associate professor of physics, demonstrated that numerical modeling accurately reproduces X-ray images using laser-produced X-rays. The images were obtained using the university’s chirped pulse amplification-based 50-terawatt Leopard laser at their Zebra Pulsed Power Lab.

Studies determine shutdown saved millions

Two separate research studies determined that shutdown orders prevented about 60 million coronavirus infections in the United States and saved about 3.1 million lives in 11 European countries.

Bicyclist dies after being struck by vehicle

A Pahrump man is dead after being struck by a vehicle while riding a bicycle Friday evening, July 3rd.

Camp Fire of 2018 leads to new wildfire research

Moved by the tragedy of the 2018 Camp Fire, a team of engineers and scientists are coming together in a new five-year project to develop a comprehensive computational, live digital platform to predict and monitor wildfire risk that can be used by wildfire managers, emergency responders and utility companies to plan for, respond to and remediate wildfires.