Growth in Federal Tax Withholding Has Slowed in the Past Four Months, Especially So in December
Posted on January 7, 2026 In December, we observed the fourth consecutive month with declining growth in federal tax withholding–amounts of income and payroll taxes withheld from workers’ paychecks by employers and remitted to the Treasury Department as soon as the day after the workers were paid. Specifically, we estimate that tax withholding grew by […]