Steady-as-We-Go Federal Tax Withholding in June: Growth Continues Within its Narrow Band of Most of the Past Year
Posted on July 3, 2024 Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily to the U.S. Treasury–continued to increase at a solid, healthy pace in June. Based on data released daily by the U.S. Treasury Department, we estimate that the amount of withholding in June was […]