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U.S. officials see tax paycheck windfall but urge accuracy check

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The Trump administration on Thursday said most U.S. workers will see bigger paychecks in February, as a result of the Republican tax overhaul, but many will need to make sure taxes are withheld accurately with an online calculator that does not yet exist.Treasury and Internal Revenue Service officials made the predictions while releasing new tax withholding tables, which U.S. employers must begin using by Feb. 15 to determine how much federal tax gets subtracted from employee wages under the new tax law. President Donald Trump and Republicans in Congress claim their ...

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First Published: Fri, January 12 2018. 05:45 IST