Bigger paychecks for most — but smaller refunds for someIndependent analyses consistently show that the 2017 law gave most Americans a tax cut, and few families will end up paying more than under the previous rules. That put more money in workers’ pockets right away, but made the effects of the tax cut harder to see, since the savings amounted to just a few dollars per pay period for many people. Administration officials said this week that they stood by their decisions on how to update withholding tables. As of last week, I.R.S. It is quite split how people are being impacted by the tax cut.”

Source: New York Times March 21, 2019 16:29 UTC