The Treasury Department Just Released Updated Tax Withholding Tables That Will Change Your Paycheck

Ch-ch-ch-ch-changes.

Jacquelyn Martin/AP

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.

On Thursday, the Treasury Department released updated tax withholding tables that reflect the changes thanks to the tax bill Republicans passed in late December. Employers will be required to implement these new guidelines—which instruct how much of an employee’s salary is held back—by February 15, at which point the take-home pay people receive in their paychecks should change.

The guidelines were rushed out with such speed that, according to the Washington Post, the IRS will urge individual people to not just trust their employer, and instead use an online tool to make sure they aren’t “dramatically overpaying or underpaying their taxes.” However, the IRS says it doesn’t expect that tool to be online until “the end of February.”

Treasury Secretary Steve Mnuchin has said that 90 percent of people should see their take-home pay rise as these new withholdings are adopted, but regardless, it is only one part of a larger puzzle. The GOP tax bill included sweeping changes to deductions, which means people’s total tax burdens will not be fully apparent until they file returns in April 2019. 

You can read the updated withholdings tables below. (For comparison, the 2017 tax withholding tables can be found here.)

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

THE END...

of our fiscal year is Thursday, June 30, and we have a much larger fundraising gap than we can easily manage with only days left to go.

Right now is no time to come up short: If you value the hard-hitting, democracy-protecting, justice-advancing journalism you get from Mother Jones, please help us keep charging as hard as we possibly can with a much-needed and much-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate