Growth in Federal Income Tax Withholding Remained Solid in May–Now a Full Year with Roughly Stable Monthly Growth
Posted on June 3, 2024 Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily by employers to the U.S. Treasury–continued to increase at a solid, healthy pace in May. Over almost each month of the past year, withholding has grown within a relatively narrow band of 5 […]