W-4 Changes

The IRS has updated the W-4 form for 2020 to include additional data entry points for the employee. To accommodate this change, PowerSchool has made multiple updates to the existing BusinessPlus software to process the new form requirements and tax calculation.

The IRS has made it optional for employees to update their W-4. Therefore, BusinessPlus will process tax calculations based on both the new and old method when processing payroll.

Employees who submit a new W-4 after January 1 will be required to use the new 2020 W-4 form.

Refer to the following links for more information: