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
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
Posted on May 7, 2026 I don’t think it’s a big surprise, but payments of individual income taxes with federal tax return filings look to
Posted on May 5, 2026 We expect to comment later this week on April/early May payments with individual income tax return filings, but first we
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
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
Posted on March 4, 2026 In February we observed growth of federal income and payroll tax withholding fall from the amount estimated for January, when
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
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
Posted on December 2, 2025 We now have three consecutive months–September through November–in which we estimate that growth in federal tax withholding was in the