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 […]