The IRS recently updated the payroll income-tax withholding tables to reflect changes made by the tax reform legislation last year.
On average, the expectation is that the impact per pay could be in the range of $50 to $100 more in each paycheck. If you have seen a more substantial change in your pay, a careful review of your withholding may be in order.
While payroll should be making the changes proactively on your behalf, it is very important a that you verify the withholding amount is correct. If there is any error in the withholding amount, you should adjust it immediately so that you do not have an unexpected tax bill, or refund when you file your 2018 taxes.
While it is always best to work with your accountant (if you need one we can provide options) to determine your tax withholding, the IRS has a new calculator that could be a helpful too in confirming that your withholding is correct. The calculator can be found at: https://www.irs.gov/individuals/irs-withholding-calculator . You will need some basic information regarding your income, dependents and tax withholding to complete the data for the calculator.
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