Due to The Federal Income Tax Reform laws passed by the President late last year known as “The Tax Cuts and Jobs Act” (TCJA), recent changes to the Year 2018 Federal income tax payroll withholding charts have been recalculated by the IRS. Most individuals have recently noticed their net after tax pay has increased due to lower Federal income tax withholding. The IRS made these Federal income tax withholding adjustments based on the lower Federal income tax rates contained in the TCJA.
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