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tax cuts

How Will the Tax Cuts and Jobs Act Impact Your Workers’ Taxes?

By Employment Law, Employment News, Payroll

The Tax Cuts and Jobs Act has taken effect and you and your employees may have noticed a change in take-home pay. This happened because the marginal tax rate dropped for the average individual, but that doesn’t mean they can keep the extra money. If most of your employees received an increase in their pay, it might be prudent to caution them not to celebrate, just yet. An increase in take-home pay will not necessarily…

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