The IRS has recently published the updated version of the Form W-4 for the year 2024.

Here's what you need to know about the 2024 W-4 in TiM:

• TiM users do need to take action to update Startwork Templates to reflect the new W-4.
• The 2024 W-4 is available as a pre-built TiM Template. Users do not need to build this new form from scratch.

For step-by-step instructions, see: How to update Startwork Templates with the 2024 W-4

If you need any assistance, please Contact TiM Support.

What's new with the 2024 W-4?

A notable change on the 2024 Form W-4, particularly for individuals with multiple jobs or married couples who both work, is found in Step 2. Previously designated for future use, Option (a) in Step 2 now provides the web address for the IRS’s Tax Withholding Estimator - www.irs.gov/W4App. This tool assists individuals in determining the appropriate amount of tax to withhold from their paychecks.

For further information regarding the 2024 W-4, please speak to a tax or payroll professional.