Kevin Brady

Republicans predict paychecks will grow as IRS issues new tax withholding guidelines

Republicans predict paychecks will grow as IRS issues new tax withholding guidelines

Workers who are up for a tax cut should start seeing bigger paychecks in the coming weeks, now that the Internal Revenue Service has released guidance for employers about how much tax they should withhold from employees’ take-home pay in 2018.

Companies have been awaiting details from the IRS since late last month, when lawmakers passed a sweeping tax overhaul that changes tax rates and brackets, increases the standard deduction and repeals personal exemptions. Employers should begin using the new withholding tables as soon as possible, but not later than Feb. 15, the IRS said in a notice issued Thursday.

“This is outstanding for families in Texas and taxpayers across the...

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