Growth in Federal Tax Withholding Rebounded in January, Which We Attribute Largely to Robust Year-End Bonuses on Wall Street
Posted on February 2, 2026 A quick take here: In January, we observed a rebound in growth of federal tax withholding–the amounts of income and payroll taxes that employers withhold from workers’ paychecks and remit to the Treasury Department as soon as the day after the workers are paid. Specifically, we estimate that tax withholding […]