Beginning in 2020, the IRS has implemented changes to the W-4 Withholding Form. The 2020 standard IRS W-4 form requires the use of a withholding table based on annual summary which is not applicable to supplemental payments such as those received from the Vacation-Holiday Plan. Therefore, we are providing a W-4 form which will be required with future Paid Time Off Benefit request forms.
You will no longer be able to select the number of exemptions to determine the percentage of federal tax withholding nor will you be able to claim Exempt. Instead, you will be required to select an actual percentage of federal withholding on the W-4 Form.