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IRS releases new Form W-4: What to know to avoid a refund surprise in 2020

from Fox Business

The IRS released its final version of the 2020 Form W-4, with some important changes that could impact both employers and workers. The new form is for use in 2020 — it is intended to make withholding more accurate in conjunction with the Tax Cuts and Jobs Act, which affected filers for the first time last tax season. Amid those changes, many workers were surprised about their refund amounts — whether they were lower or even non-existent. more

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