Confirmed: Tax Bill Increases Paychecks for 9 in 10 Taxpayers
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) confirmed today that hardworking Americans will receive bigger paychecks due to the Tax Cuts and Jobs Act. The IRS released new withholding guidelines today for employers to implement the Tax Cuts and Jobs Act. According to the Treasury, "with this guidance, most American workers will begin to…