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Level 1
posted Feb 9, 2020 7:29:07 AM

I am recalculating my withholding and need to know if I should adjust for a pay increase. does the 2020 (not 2019) tax year use a tax bracket system like previous years?

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1 Replies
Expert Alumni
Feb 9, 2020 3:04:07 PM

Yes you should adjust for a pay increase.

The 2020 tax year will have tax brackets barring an act of Congress.

With the new W-4's it may be worthwhile to explore the IRS Withholding Estimator