Federal Tax Withholding Payments Rose Sharply in November, But Probably Because of Payments Delayed by the Effects of Hurricanes and Because of the Late Thanksgiving
Posted on December 5, 2024 Growth in federal income and payroll tax withholding has bounced around much more than usual in the past two months, we believe in large part as a result of Hurricanes Milton and Helene, rather than from movements in the overall U.S. economy. In November, federal tax withholding–the combined amount of […]