A “First of its Kind” PFML Plan launches in New Hampshire
Beginning in December 2022, employers can start enrolling in New Hampshire's new voluntary Paid Family and Medical Leave plan for employers and employees of all types of businesses.
Since the 2020 Federal Form W-4 was released, the elimination of withholding allowances has been a popular topic of discussion. Many states rely on federal allowances for tax withholding purposes. So, how will states react to the lack of federal allowances?
Recently, Wisconsin announced that they will not be using the federal Form W-4 in 2020 for state withholding purposes. Currently and in previous years, Wisconsin has used the Form W-4 as long as the employee’s federal allowances and Wisconsin exemptions were equal. With the removal of federal allowances on the 2020 Form W-4, Wisconsin will use their state withholding form, Wisconsin Form WT-4.
Beginning in 2020, Wisconsin will follow these procedures:
For more information, check out Wisconsin’s November release of the Withholding Tax Guide.