How to Save the Most Using the New Tax Tables - NBC 6 South Florida
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How to Save the Most Using the New Tax Tables

You could start seeing changes to your paychecks as early as next month

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    CQ-Roll Call,Inc.
    Treasury Secretary Steven Mnuchin speaks during a news conference in the Capitol where GOP senators said families and small businesses would benefit from tax reform on Nov. 7, 2017. Appearing behind him are, from left, Sens. Mike Rounds, R-S.D., Thom Tillis, R-N.C., David Perdue, R-Ga., John Barrasso, R-Wyo., and Steve Daines, R-Mont.

    The tax overhaul is likely giving your paycheck a boost come February, CNBC reported. So now is a good time to take a second look at your tax withholding at work.

    The Treasury released its income tax withholding tables on Thursday, reflecting changes stemming from the Tax Cuts and Jobs Act. In all, the new legislation has increased the standard deduction, done away with personal exemptions and trimmed individual income tax rates.

    This means you could start seeing changes to your paychecks as early as next month.