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Here's what I don't get - my check went up about that much LAST month. Did our payroll provider jump the gun?
I handle payroll for our company. The new tax table has been available for about a month. Companies were encouraged to implement it as soon as possible, but no later than April 1st, so some companies may have done it sooner.

Yes, it is a credit. It is reducing the amount you owe for the year. But instead of waiting until people filed there returns, which is how these are usually handled, they rolled out this plan to get money in people's pockets sooner, without sending out checks the way the Bush admin did.
 
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