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Upgrade Sage 100 Payroll Now – More Complex 2020 W-4 Form Possible

April 9, 2019 by Wayne Schulz

Heads Up: New and potentially more complex W-4 form due by 2020.

This form will seek to eliminate over and underpayments. To do so it may ask for significantly more information from employees, including:

  • Nonwage income, such as interest and dividends
  • Itemized and other deductions
  • Income tax credits expected for the tax year
  • For employees with multiple jobs, total annual taxable wages for all lower paying jobs in the household

For now, this is still being reviewed with the next draft due around May 2019. The goal is to have an updated W-4 for the 2020 tax season.

From USA Today:

The new form referenced up to 12 other IRS publications to fill it out. It was so complex and different from the previous W-4 form that Ernst & Young worried employees would struggle to fill it out correctly and employers may need to offer training beforehand.

This is a very good reason for payroll users who have not upgraded from older versions to move to Payroll 2.x ASAP since it’s unlikely the older Sage payroll will be updated to manage a more complex federal tax computation.

Sage 100 Payroll 2.19.2 was released on April 2, 2019 and is compatible with Sage 100 2018.1 and higher. For more information on the latest Sage payroll release visit this site.

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Filed Under: Sage 100 ERP, sage 100cloud Tagged With: irs, payroll, payroll taxes, payroll withholding, sage 100, W-4, w4

About Wayne Schulz

Wayne Schulz is a Sage 100 Consultant located in Connecticut. He has worked with Sage 100 and Sage 100cloud ( Formerly Sage MAS 90 and MAS 200) since 1986 and provides advanced Sage 100 technical support to companies located in Connecticut, Massachusetts, Rhode Island, New York and throughout the United States. If you are experiencing an issue with Sage 100, and would like to schedule a support session - please request assistance here or call 833-724-3100.

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