Last month, the Internal Revenue Service released updated withholding tables for employers, reflecting changes to individual tax brackets passed under the Tax Cuts and Jobs Act last December.
Many employees will begin to see increases in their paychecks in February, the IRS said in a press release.
Now, February has arrived, and that means employers have a short window to educate employees on the bump in take home pay many will see, says Alison Daigle, senior product manager at Chicago-based Jellyvison, a provider of interactive employer communication tools.
This provides an excellent opportunity for employees and members to improve savings habits. Read more at CUTimes.