What happened to withholding allowances?

Allowances are no longer used for the redesigned Form W-4. This change is meant to increase transparency, simplicity, and accuracy of the form. In the past, the value of a withholding allowance was tied to the amount of the personal exemption. Due to changes in law, currently you cannot claim personal exemptions or dependency exemptions.

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Where can I download the new Form W-4?

About Form W-4, Employee's Withholding Certificate

Why redesign Form W-4?

The new design reduces the form's complexity and increases the transparency and accuracy of the...

Are all employees required to furnish a new Form W-4?

No. Employees who have furnished Form W-4 in any year before 2020 are not required to furnish a...