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These taxpayers may end up owing the IRS more in 2019

Source: cnbc.com - Feb 9, 2018

Enjoy that bump in pay thanks to the new tax law, because some earners may find themselves on the hook for more taxes in 2019.

In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new legislation cut individual income taxes, raised the standard deduction and eliminated personal exemptions.

You may begin seeing changes to your paycheck as early as this month.

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Category: General Business