Federal Tax Withholding Grew by An Estimated 4.7 Percent in July, About the Average of the Previous Five Months
Posted on August 6, 2026 In July, we observed relatively steady 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 in July was […]