Survey finds few workers notice new take-home pay boost from tax cut
Share Now on:
The boost in take-home pay from the Republican-passed tax-cut bill is starting to show up in many workers’ paychecks. But how aware are taxpayers of the change? Many employers began reducing tax withholding in February. But a new survey from Bankrate.com finds that many workers haven’t noticed the change, which may lead them to spend the extra income unwittingly, rather than use it to pay down debt or save for a rainy day.
Click the audio player above to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.