We See No Signs of Economic Slowdown from Tax Withholding Data Through March
Posted on April 3, 2025 U.S. federal tax withholding in March continued to grow at a solid rate. We estimate that federal tax withholding–the combined amount of income and payroll taxes withheld from employees’ paychecks and remitted by firms as quickly as the next day to the U.S. Treasury Department–grew by 7.5 percent in March […]
Tracking Total Federal Revenues: Up By About 4 Percent Through The First Half of Fiscal Year 2025, With Higher Growth Expected in the Second Half
Posted on April 2, 2025 We have reached the halfway point in the 2025 federal fiscal year, and we are coming up closer to the April 15 income tax filing deadline. Through the end of March, we estimate that total federal revenues were about 4 percent higher than through the same point in fiscal year […]