Business
U.S. Income Tax Revenue Surges In January
The U.S. has collected $112.57 billion in individual income tax revenue outside of paycheck withholding so far this year, a 52% jump over last year even though Congress cut taxes.
The Treasury Department on Friday reported data for collections at the Jan. 15 deadline for people to pay estimated taxes for the fourth quarter of 2025. Those payments typically reflect expected capital-gains taxes from investments and business income that gets reported on individual tax returns. In the equivalent period last year, the U.S. collected $74.14 billion in non-withheld individual income taxes; it collected $68.32 billion the year before that.
President Trump signed the new tax law in July, and it included several changes that were retroactive for all of 2025. Those changes have been lowering corporations’ quarterly estimated taxes. The individual data released Friday move in the opposite direction.
