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Why your paycheck still doesn’t reflect the tax changes Congress just passed

Source: - Jan 12, 2018

Republican lawmakers hoped that public opinion on their tax bill would turn around once the law took effect on January 1.

“In January the American people are going to see,” Sen. Ted Cruz (R-TX) said on the Senate floor in December in support of the Republican tax plan. “So I am going to encourage the American people, in January, take a look at your pay stubs.”

But in January, the tax cuts won’t show up in pay stubs at all. Taxpayers (and Republican supporters of the plan) will have to wait at least a few more weeks while the IRS scrambles to figure out the details.


Category: General Business