The White House has predicted a deficit in Fiscal Year 2019 of over $1 trillion, which would be the first time since 2012.
Showing evidence of the strength of the economy, individual income taxes paid to the federal government in March totaled $97.2 billion in March, up from $88.1 billion a year earlier.
Overall, federal revenues are still slightly down in the first six months of the 2019 fiscal year, when compared to 2018, by just over $12 billion.
That figure would be worse if not for an increase in customs duties as a result of new tariffs instituted by President Trump - the U.S. has brought in $34.7 billion in import duties so far in 2019, almost doubling the $18.4 billion in the same six month period from last year.
The deficit for all of 2018 was $779 billion. It currently stands at $691.1 billion in 2019, with six months left in the fiscal year.
The latest deficit estimate from the Treasury Department this year is just under $1.1 trillion.