Thank you for providing a screenshot, Accounting3054.
Employers will continue to compute withholding based on the information from the employee’s most recently submitted Form W-4. With regards to the state allowances, unless the employee has made some changes on their state withholding, the number will remain as is. We can also ask the employees if they wanted to enter their additional state allowances.
The allowances will not be reported in the new W-4 for 2020. With this, I suggest reaching out to your tax advisor for further assistance on a proper way of handling allowances for state of Colorado. You can read these references to learn more:
Just leave reply again if you have more questions. You take care always and have a great day!
