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  • Holly Roundtree CPA

2019 – 08/12

A second draft of the 2020 Form W-4 is now available. The IRS expects no substantive changes when the form’s final version is published. The new form doesn’t change the computation of withholding contained in the earlier draft. The previous version of Form W-4 calculated a taxpayer’s income tax withholding using a withholding allowance based on the personal exemption amount. Tax law changes in 2017 suspended personal exemptions and substantially increased the standard deduction. The mismatch between the old Form W-4 and the TCJA has caused some taxpayers to over- or under-withhold. See the draft form: https://bit.ly/2M3S0ex

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© 2018 by Holly C Roundtree, CPA, PLLC

Holly C Roundtree, CPA, PLLC


Tel: 972-404-4434

Email: holly_roundtree@hcroundtreecpa.com​

Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

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