This website is dedicated to tracking real-time U.S. federal tax collections. We track income and payroll taxes that are withheld from paychecks, along with their relationship to the U.S. economy, especially wages and salaries. We also track individual refunds and payments during the tax filing season. We track other data releases, such as estimated payments of income taxes and different measures of aggregate wages in the economy.

The main data innovation is that we have developed a filtering technique in order to assess the extremely volatile daily tax withholding data. Properly assessed, withholding tax receipts are a rich source of economic data because they are available in almost real time: the largest firms remit their withholding to the U.S. Treasury Department the day after they pay their employees, and then the Treasury reports the total amount paid the day after that. In addition, total withholding taxes paid correlate well with different measures of economywide wages and salaries that are available later. And it is possible that the daily withholding data provide an early indication of movements in the components of economywide wages: employment, average hourly wages, and average hours worked per week. We provide those daily for the past month at the bottom of this page.

We are tracking, on a daily basis, total federal revenues for the 2025 fiscal year. Based on information from the Treasury Department, we can estimate how federal revenues for the current fiscal year-to-date compare to those for last year through the same point in the year. The estimated percentage increase or decrease in revenues for the fiscal year, compared to last year’s amounts, are provided in the chart below. The last data point illustrates the percentage increase or decrease in revenues for the fiscal year though the latest date available, compared to the amount for the same period last year.