Tax Withholding Continued to Grow at a Relatively Slow Pace in July
Posted on July 29, 2022 We’ve now had three consecutive months with relatively slow growth in federal tax withholding–the amount of federal income and payroll taxes withheld from workers’ paychecks and remitted to the U.S. Treasury Department. We estimate that tax withholding grew by 5.7 percent in July (compared to the amounts from July of […]
Individual Quarterly Estimated Tax Payments in June Fell Compared to Those in January and Last June
Posted on July 5, 2022 Well, we’ve previously observed a slowdown over the past two months in income and payroll taxes withheld from workers’ paychecks and remitted to the U.S. Treasury, and then quarterly estimated income tax payments by corporations in June, and now we can add to the list quarterly estimated payments of individuals […]
Growth in Withheld Tax Payments in June Was Relatively Low for the Second Consecutive Month
Posted on July 1, 2022 We’ve now had two consecutive months with much slower growth in the amount of federal income and payroll taxes withheld from workers’ paychecks and remitted to the U.S. Treasury Department. Those amounts–what we call tax withholding–grew by an estimated 5.8 percent in June above the amounts from June of a […]