IRS W4 Withholding Form

The IRS W4 Form is a form used to withhold State and Federal taxes from an employee’s earnings. The way the form is filled out determines how much tax is withheld. The new W4 form will be used for any new employees or current employees who want to make changes to their tax withholdings.   In ProFund Accounting under the Employee Maintenance Tab under the Federal Deduction tab  new buttons have been set up to help with the new W4 Form.

If you want to view the current W4 select the View Current W4 button and a pdf file of the current W4 will appear.

Select Enter New W4 if you want to complete a new 2020 W4 Withholding this screen will appear.

Enter your changes on this screen. This screen corresponds with the boxes on the 2020 W4 withholding form below.

Once the changes are made select view new W4 Form and the new W4 form will be created.