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

Ch-ch-ch-ch-changes.

Jacquelyn Martin/AP

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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.)

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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