When Can You Expect To See New Tax Rates In Your Pay?

Workers can expect to see the new tax rates in their paychecks as soon as February, as payroll companies prepare to adjust withholding after Congress passed tax legislation on Wednesday.

Republicans stated Wednesday that people would start getting more money in their pockets in February, after the new withholding went into effect.

“That's going to be tremendous for people,” Trump said at a Cabinet meeting. “They're going to start seeing the results in February.”

“The average taxpayer in every income group is getting a tax cut,” House Speaker Paul Ryan, R-Wis., said on "Good Morning America." “So I think when people actually see that instead of getting tax increases, they’re getting a tax cut, when they see the withholding tables changing in February and seeing more money in their paychecks, when they’re seeing the economic growth that will result from historic tax reform, I think minds are going to change.”

H/T:The Washington Examiner