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Review your withholdings

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Review your withholdings

The IRS recently announced new withholding guidelines for all employers and payroll companies.

Employers are expected to update your paycheck on or before Feb. 15. That means you'll need to review the amount withheld from your paycheck. Why? Because the Tax Cuts and Jobs Act lowered tax rates, increased standard deductions and eliminated personal exemptions. Many employees should see an increase in their paychecks.

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