News

New Federal Tax Rates February 2018

With the passage of the Tax Cuts and Jobs Act of 2017, the Internal Revenue Service (IRS) recently released the new federal tax withholding tables effective for 2018. The new tax tables impact the amount of federal taxes withheld per paycheck. Most JPPSS employees may see an increase in net pay due to lower federal tax withholding, but this is no guarantee as each employee’s situation is unique. Checks beginning in February of 2018 will reflect these new tax tables.