Paycheck increases create ‘Golden Opportunity’ for savings

Last month, the Internal Revenue Service released updated withholding tables for employers, reflecting changes to individual tax brackets passed under the Tax Cuts and Jobs Act last December. Many employees will begin to see increases in their paychecks in February, the IRS said in a press release. Now, February has arrived, and that means employers have a short window to […]

Last month, the Internal Revenue Service released updated withholding tables for employers, reflecting changes to individual tax brackets passed under the Tax Cuts and Jobs Act last December.

Many employees will begin to see increases in their paychecks in February, the IRS said in a press release.

Now, February has arrived, and that means employers have a short window to educate employees on the bump in take home pay many will see, says Alison Daigle, senior product manager at Chicago-based Jellyvison, a provider of interactive employer communication tools.

This provides an excellent opportunity for employees and members to improve savings habits.  Read more at CUTimes. 

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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