69°F
weather icon Clear

Feds: New withholding guidelines to increase take-home pay

U.S. employers received new withholding guidance from the U.S. Treasury Department and the Internal Revenue Service in order to implement tax cuts and other provisions of the Tax Cuts and Jobs Act.

Employers are encouraged to implement the new withholding tables expeditiously but should do so no later than Feb. 15, 2018.

Workers will see changes in their February paychecks once employers adopt the new guidance, the U.S. government said in a Jan. 11 announcement.

“With this guidance, most American workers will begin to see bigger paychecks,”U.S. Treasury Secretary Steven T. Mnuchin said in a statement.

“We estimate that 90 percent of wage earners will experience an increase in their take-home pay,” he said.

“The administration’s monumental tax reform legislation continues to provide economic benefits for hard-working Americans,” Mnuchin said.

“These tax cuts will ensure that American workers are able to keep more of their hard-earned income and decide how to spend, invest or save it.”

The new guidance was developed jointly by the Treasury’s Office of Tax Policy and the IRS.

Don't miss the big stories. Like us on Facebook.
THE LATEST
In Season: Successfully transplanting seedlings to the garden

Few things are as excruciating as excitedly watching seeds germinate and grow only to have them die upon transplanting the seedling to your garden.

California Lottery

No one matched all five numbers and the mega number in the Wednesday, Feb. 19 drawing of the California Super Lotto. The next jackpot will be at least $10 million.

 
Alienstock organizers announce dates for 2020 festival

After attracting thousands of extraterrestrial fans from around the world to a rural Nevada desert town, Alienstock organizers are preparing for a second go round.

Dog owners beware, trapping season is here

Desert dwellers enjoy walking the many hiking trails in our valley that traverse our beautiful desert, and they may even enjoy walking the family dog. During the winter beware and keep Fido on a leash, for trappers are hunting for small game during this time of year and it can be dangerous for dogs to run free.

Nye County Democrats turn out for early voting

For the first time ever, the Nevada Democratic Party made the decision to expand its caucus process by including early voting this year and residents from all across the state turned out in droves to participate, with long lines reported at many of the early voting locations throughout the Silver State.