The Internal Revenue Service released Thursday the updated 2018 withholding tables reflecting enactment of the new tax law, the Tax Cuts and Jobs Act.
House Ways and Means Chairman Kevin Brady, R-Texas, and Treasury Secretary Steve Mnuchin stated that nine out of 10 taxpayers will see a boost in their take-home pay within the coming weeks.
"That comes on top of all the bonuses, wage increases and expanded benefits that so many businesses have already provided American workers as a result of tax reform," Brady said.
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