Jon W. Newcomer, CPA PC

This is a quick little read with some basic tax information.

Tax tip of the day: Good news and bad news with the new tax law. As most of you have heard the withholding for social security has been reduced by 2% so our net pay should increase - good news. Unfortunately this net pay increase will most likely be offset by an increase in federal withholding tax due to expiration of the "making work paying credit".