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Americans’ monthly paychecks increased by an average of $130.76 in February thanks to the new 2018 tax plan changes, according to a new LendEDU survey, with a majority of respondents saying they will use the extra income to pay down credit card debt.

As a result of the Tax Cuts and Jobs Act of 2017, the federal tax withholding tables changed on Jan. 11, 2018. The Treasury estimated that 90% of Americans who get a paycheck are likely to see more in take-home pay as a result. Sure enough, most Americans started to see the impact of the new tax plan in their paychecks starting on Feb. 1.

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