Posted on 02/01/2018 8:00:26 AM PST by KeyLargo
Your Paycheck Could Increase Very Soon -- Heres How Much You Can Expect
New IRS federal tax-withholding guidelines should give millions of Americans higher paychecks in 2018.
Matthew Frankel
Jan 12, 2018
The Treasury Department recently released new withholding tables based on the recently passed tax-reform bill. These tell employers how much to withhold from their employees' paychecks, and 90% of workers should see an increase when the new guidelines are implemented.
Here's what this means, when you should expect the change to affect your paycheck, and how much of an increase you should expect.
New IRS federal tax-withholding guidelines should give millions of Americans higher paychecks in 2018.
These tables tell employers how much to withhold from their employees' paychecks, and 90% of workers should see a decrease in withholding, resulting in more take-home pay when the new guidelines are implemented.
Here's what this means, when you should expect the change to affect your paycheck, and how much of a pay increase you should expect....
(Excerpt) Read more at fool.com ...
USCG Retired pay center didn't get it done in time for today's retired check. Thanks for letting know what to expect March 1st.
If you work a typical 40 hour week a 3% bump is getting to keep the fruits of an additional 1.2 hours per week. I look at that as getting a little chunk of my life back. I should be getting my first paycheck under the new tables tomorrow and am guessing I’ll see about the same as you. I’ll happily take it. Over the course of a typical year, even 3% works out to an additional paid 60 hours.
And don’t forget 20%+ increases in healthcare premiums. Here in California, our ridiculous Governor just raised our DMV fees 25% and added another $.12 per gallon on our highest in the nation gasoline taxes.
Yeah, I’m leaning toward that.
Mine is up $49.65 per pay, (bi-weekly), and my wife’s was up $133.69 per pay, (bi-monthly), in the state of Ohio.
That’s $4,498.56 worth of crumbs per year.
Thank you president Trump!
My wife’s was $37 more than before. Hey $74 a month is better in her pocket than the governments. Besides it’s hers! That is a water bill or extra money to put back for vacation or savings.
My family will be able to pay off 2 credit cards early thanks to these crumbs.
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