[View:/cfs-file/__key/communityserver-discussions-components-files/45/2020-Tax-Table-Info.zip:320:240]
The tax table information for year 2020 (previously posted on this Wiki on 12/23/29) only presented 2 tables of
information when there are actually 4 tables of information that are necessary due to a change in the 2020 Form W-4.
Additionally the FIM information presented in the original Wiki Posting was as follows:
1. FIM - information presented is from the "Married Filing Jointly" for employees
with the box in Step 2 of the 2020 Form W4 checked
2. FIS - information presented is from the "Single or Married Filing Separately" for employees
with the box in Step 2 of the 2020 Form W4 NOT checked.
While the tables/brackets depicted were/are correct the FIM information presented was from the RIGHT-HAND column
while the FIS information presented was from the LEFT-HAND column (Page 6 IRS Publication 15-T 2020).
For clarity the following documents are attached (in a zip file) to this Wiki post for your convenience:
1. 2020_P15T.pdf
IRS Publication 15-T (2020)
2. 2020_P15.pdf
IRS Publication 15 (2020)
3. 2020_W4.pdf
IRS Form W-4 for 2020
4. 2020_Withholding_Page6.pdf
Page 6 Excerpt, from IRS Publication 15-T (2020)
NOTE: This excerpt shows both columns of tables
with the decision which column to use based
on the following:
* The column on the left is to be used for 2020
if the Form W-4 is from 2020 (or later) and the
box in Step 2 of Form W-4 IS NOT CHECKED or the
Form W-4 is from prior to 2020
* The column on the right is to be used for 2020
if the Form W-4 is from 2020 (or later) and the
box in Step 2 of Form W-4 IS CHECKED.
SEE THE ATTACHED PAGE 6 EXCEPRT ATTACHED TO THIS
WIKI POSTING FOR BRACKET DETAIL
Please be sure to check with your company's accountant/tax accountant to be sure you are utilizing the proper
withholding information for 2020.
