Financial Literacy Spotlight: Update Your Financial Game Plan with the New Tax Law
With the One, Big, Beautiful Bill Act now in effect, this is the perfect time to review your paycheck and withholding. Many workers can now deduct tips, overtime, and vehicle loan interest—but only if your W-4 and budget reflect those changes.
Action Step:
Use the IRS Tax Withholding Estimator to make sure you’re not overpaying taxes each pay period. Then, redirect any extra take-home pay toward your LPCCU savings or a loan payment to reach your goals faster.
Why It Matters:
Small adjustments today can add up to hundreds—or even thousands—saved by tax time. That’s money you can use to build your emergency fund, invest in your future, or pay down debt.
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