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In late 2020, the IRS released the final version of the 2021 Form W-4. While there were no major changes this year, significant updates were made in the previous year. The focus is on the changes that provide more accurate withholding information in a simpler and more private format. The tutorial covers the major changes to Form W-4 from 2020, along with information on automating compliance document processes for convenience and value. The topics discussed include a refresher on Form W-4, its importance in HR responsibilities, the history and timeline of the form, changes in the new W-4, and the role of an HRIS in ensuring compliance with Form W-4 regulations.
