It’s Tax Day Today: What Do We Expect for Payments with Federal Tax Returns and When Will We Find Out the Result?
Posted on April 15, 2026 Today is the due date for filing federal income tax returns for the 2025 tax year. Payments with tax return filings, along with much smaller amounts paid as estimated tax for the first quarter of 2026, are thus due today. As usual at this point in the filing season, it […]
Growth in Federal Tax Withholding Has Rebounded in the Past Three Months. The Effects of Year-End Bonuses and Some Improving Labor Market Conditions?
Posted on April 2, 2026 Now that the March data are in, we have observed three consecutive months of rebounding growth in federal tax withholding–which is the economywide amount 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 […]