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The IRS is releasing a new Form W-4, Employee's Withholding Certificate, for 2020. The new form is vastly different from the current Form W-4 and will be available in Banner Self Service after January 1, 2020. While you are not required to complete this form it should be more accurate for individual withholdings. Please note: if you do not submit a new form, withholding will continue based on your previously submitted form. For more information visit the Financial Services website.
Change the allowances on your Form W-4 and NC-4 when your personal or financial situation changes to update the amounts of federal and state income tax withheld from your pay. Employees are encouraged to use the IRS Withholding Calculator as a review to ensure their withholding is correct.