I agree. Did you figure this out? I have employees using this new W-4 form, and trying to translate it over to QB is seeming very odd for me as the bookkeeper. I changed an employee from having 2 allowances on the 2019 W-4 system, and now they are on the 2020 W-4 system. I tried it two different ways from there, running a sample paycheck. I put in $4000 under the "Claim Dependents" section in QB (which is because its 2 dependents times $2000 = $4000). If I put $4000 into QB under "Claim Dependents", Quickbooks holds back ZERO income tax withholding both federal and state. If I put in 2 (instead of $4000) under the "Claim Dependents" section, it withholds something very similar to before. Does this seem correct to anyone else? It does not to me.
