Tax Reform – What it Means for Employees
For the Mommas
JANUARY 2, 2018
With the late December tax reform bill, many employees are wondering how this will impact them in 2018. Most provisions that affect individuals and businesses take effect January 1, 2018, meaning your 2018 paychecks should see more take-home pay as soon as tax charts are updated by the IRS. New individual tax rates go into effect January 1, 2018. See the previous tax rates versus the 2018 tax rates (per the new tax reform bill) in the image on the right-hand side.