Daily Tracking of Federal Tax Revenues Through Fiscal Year 2023: Down About 3 Percent Through February 22 Compared to the Same Period Last Year
Posted on February 24, 2023 We have begun a daily tracking of total federal revenues for fiscal year 2023, comparing the amounts of revenue for the fiscal-year-to-date to amounts through the same period last year. Through Wednesday, February 21, we estimate that total federal revenues for the fiscal year (which started on October 1, 2022) […]
A Decline in the Amount of Quarterly Estimated Payments in January May Indicate a Significant Drop to Come in Final Payments with Federal Tax Returns This Filing Season
Posted on February 8, 2023 Payments made by individuals when filing tax returns jumped sharply in each of the past two years, but such payments may fall, perhaps significantly, this tax season. A possible harbinger is a decline in individuals’ quarterly estimated payments in January. Based on amounts reported by the U.S. Treasury Department, we […]