Dear Faculty and Staff: The resurgence of the COVID-19 virus around our country is intensifying on the heels of holiday travel and gatherings. Here in Onondaga County, we are experiencing rising infection rates and an uptick in hospitalizations. In response,…
IRS Makes Update to 2020 Form W-4, Employee’s Withholding Certificate
Due to changes to the federal tax law passed in 2018, the Internal Revenue Service (IRS) has updated the 2020 version of Form W-4. Form W-4 is completed by every Syracuse University employee to determine how much federal income tax is withheld from each paycheck.
The IRS does not require all employees to complete the updated form. It will be used by employees hired after 2019 and can be used by employees that want to make a withholding change after 2019.
The IRS recommends that employees consider completing a new form each year or when their personal or financial situation changes. To assist employees with making adjustments to their withholding, the Tax Withholding Estimator on the IRS website is available. The IRS has also published Frequently Asked Questions that may be helpful while completing the updated form.
If any employee is interested in completing an updated Form W-4, they may do so online by logging into MySlice or in person at the Payroll Service Center in Skytop Office Building.
If you have questions, please contact the Payroll Service Center at firstname.lastname@example.org or 315.443.4042.