The Tax cuts and Jobs Act that was passed last year has many changes relating to child tax credit & personal exemptions that impacts your paycheck tax withholding.
Below are few useful tools offered by the Internal Revenue Service that taxpayers can use to check their monthly paycheck tax withholding.
Tax Withholding calculator : Check out this link to access the Internal Revenue Service paycheck withholding calculator.
Child Tax Credit Major changes that is impacting child tax credit starting 2018
Tax credit for dependents
There is a new $500 tax credit for other dependents. Qualifying individuals include elderly parent or a college student.
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