[OSSSA218] 2020 W-4 withholding

[Jason Stanley]

The IRS has changed their W-4 withholding form starting Jan 1 2020, therefore Oregon has to make changes to the process for the W-4. Below are the changes that people need to know.


1.     Employees need to fill out an Oregon Form OR-W-4 for changes to Oregon withholding after 1/1/2020. The default withholding rate of 8 percent will be required in certain situations when a taxpayer provides their employer a federal Form W-4 after 1/1/2020 and does not have an Oregon Form OR-W-4 on file.

2.     Withholding exemption claim expires February 15 of the year following the exemption election and the individual must provide a new exemption certificate to claim an exemption from withholding for any subsequent tax year.
Please see ORS 150-316-0234, 150-316-0237 and 150-316-0257 if you want to see the rules.

If you have any questions please email chris.cox at oregon.gov<mailto:chris.cox at oregon.gov> or call 503-509-5188.
Thank you Chris Cox.


Jason

Jason Stanley, CPA, CFE
Chief Compliance, Audit, and Risk Officer
Oregon Public Employees Retirement System
(503) 603-7504

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