Growth in Federal Tax Withholding Slowed Significantly in October, With Effects From Hurricanes Milton and Helene
Posted on October 30, 2024 We estimate that growth in federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted as quickly as the next day to the U.S. Treasury Department–slowed significantly in October. Based on data released daily by the U.S. Treasury, we estimate that withholding in October […]
Growth in Federal Tax Withholding Moved Up in September
Posted on October 3, 2024 Growth in federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted by the firms as soon as the next day to the U.S. Treasury Department–moved up in September. Based on data released daily by the U.S. Treasury, we estimate that the amount of […]