/Tax Withholding Guidelines are Changing. Make Sure Your Paycheck Is Correct

Tax Withholding Guidelines are Changing. Make Sure Your Paycheck Is Correct

Work on overhauling the tax code may be done in Congress, but for the rest of America, the job has just begun.

As the Internal Revenue Service prepares to roll out new federal income tax withholding guidelines by Feb. 15, experts are urging Americans to do their homework.

The new tax bill attempted to simplify the tax code for most Americans and decrease income tax liabilities so workers will be taking home more in their paychecks.

But the changes are significant enough to potentially disrupt your paycheck to the point where you may be deducting too much — or too little.

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