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<p class="MsoNormal"><span style="font-size:14.0pt">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.
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:14.0pt;font-family:"Times New Roman",serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:.5in;mso-add-space:auto;text-indent:-.25in;line-height:105%;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-size:14.0pt;line-height:105%"><span style="mso-list:Ignore">1.<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt;line-height:105%">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.<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:.5in;mso-add-space:auto;text-indent:-.25in;line-height:105%;mso-list:l0 level1 lfo1">
<![if !supportLists]><span style="font-size:14.0pt;line-height:105%"><span style="mso-list:Ignore">2.<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:14.0pt;line-height:105%">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Please see ORS 150-316-0234, 150-316-0237 and 150-316-0257 if you want to see the rules.
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<p class="MsoNormal"><span style="font-size:14.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">If you have any questions please email
<a href="mailto:chris.cox@oregon.gov"><span style="color:#0563C1">chris.cox@oregon.gov</span></a> or call 503-509-5188.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt">Thank you Chris Cox. <o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:24.0pt;font-family:"Lucida Handwriting"">Jason<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Jason Stanley, CPA, CFE<o:p></o:p></p>
<p class="MsoNormal">Chief Compliance, Audit, and Risk Officer<o:p></o:p></p>
<p class="MsoNormal">Oregon Public Employees Retirement System<o:p></o:p></p>
<p class="MsoNormal">(503) 603-7504<span style="font-family:Pristina"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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