Last month, the Internal Revenue Service released updated withholding tables for employers, reflecting changes to individual tax brackets passed under the Tax Cuts and Jobs Act last December.
Many employees will begin to see increases in their paychecks in February, the IRS said in a press release.
Now, February has arrived, and that means employers have a short window to educate employees on the bump in take home pay many will see, says Alison Daigle, senior product manager at Chicago-based Jellyvison, a provider of interactive employer communication tools.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
