So the economy is running hot
Growth in Federal Tax Withholding Remained Solid in March
Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily by employers to the U.S. Treasury–continued to increase at a solid, healthy pace in March. We estimate that economywide withholding grew by 5.8 percent in March (compared to the amount in March 2023), about the same as the 6.0 percent growth recorded in February and in line with the range of 5 percent to 7 percent recorded in each month since May 2023, with the exception of a dip this past January (again, comparing all amounts of withholding to those from the same month in the prior year, see the chart below).
https://taxtracking.com/growth-in-federal-tax-withholding-remained-solid-in-march/