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Discussion Starter · #1 ·
As I understand it my next pay check will be larger because they will withhold less income tax letting every individual keep an extra $400 for the year. What I didn't hear is that they have changed the tax rate. So all that will happen is next year when you do your taxes your withholding will be $400 less and if you are use to getting a refund it will be $400 less. If you even out every year, next year you will have to pay $400. If you usually owe, you will owe $400 more.
You will still owe the same amount of taxes.
Is that your understanding?
 
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