Treasury Issues New Tax Withholding Guide for Cuts


The Treasury Department on Thursday released new guidelines on how much money companies should withhold from paychecks, saying the vast majority of workers will see more money rolling in as early as next month.

About 90 percent of U.S. workers ultimately will see bigger paychecks thanks to the new tax-cut law, which necessitated the changes, and many of those gains will start in February, said Treasury Secretary Steven Mnuchin.

“These tax cuts will ensure that American workers are able to keep more of their hard earned income and decide how to spend, invest or save it,” Mr. Mnuchin said.

The IRS also will …

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