We Believe That High Year-End Bonuses May Have Boosted Federal Tax Withholding Growth in December
Posted on January 6, 2025 Growth in federal tax withholding remained relatively high in December, quite possibly the result of large increases in year-end bonuses in the financial industry. Tax withholding represents the combined amount of income and payroll taxes that are withheld from workers’ paychecks and remitted by firms as quickly as the next […]