Expect to See a Bump in Your Paycheck
About 90 percent of people will see more take home pay, according to the IRS. Most middle class Americans can expect to see a bump in their paychecks in the coming weeks.
New guidance about how much money employers should withhold for income taxes was released by the Department of the Treasury and the IRS on Jan. 11, after President Trump signed the $1.5 trillion tax overhaul plan into law.
Employers were instructed to implement the new withholding rates by Feb. 15, which means most employees will begin to see the effect this month, if they haven't already. Here's more from WILX-TV 10.