Growth in Federal Tax Withholding in May Suggests That the Overall Economy Continues to Grow
Posted on Thursday, June 4, 2026 In May, we observed an increase in growth of federal tax withholding–that is, the overall 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. We estimate that withholding growth was […]