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60 Seconds: Here's How Your Paycheck Will Change Thanks to the New Tax Law

Your paycheck may go up in the next week or two thanks to the new tax law -- or it may not. Give us 60 seconds to tell you why.

Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change.

But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. 

The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year.

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Come February, many of you will have less money withheld and watch your paychecks go up.

Or not.

So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.) 

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