{"id":3795,"date":"2019-04-15T10:38:38","date_gmt":"2019-04-15T14:38:38","guid":{"rendered":"https:\/\/granitestatetaxpayers.org\/gst\/?p=3795"},"modified":"2019-04-15T14:45:40","modified_gmt":"2019-04-15T18:45:40","slug":"happy-tax-day-2019","status":"publish","type":"post","link":"https:\/\/granitestatetaxpayers.org\/gst\/happy-tax-day-2019\/","title":{"rendered":"Happy Tax Day 2019"},"content":{"rendered":"<p><strong>There&#8217;s Good News for US Taxpayers this April 15th!<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.hrblock.com\/tax-center\/newsroom\/irs\/tax-law-and-policy\/tcja-impact\/\" target=\"_blank\">H&amp;R Block reports the Tax Cuts and Jobs Act reduced their client&#8217;s taxes by 24.9 percent on average!<\/a> <\/strong><br \/>\n&#8220;H&amp;R Block data through March 31, 2019 shows the size of its clients\u2019 tax refunds is up 1.4 percent under the first year of tax reform and new withholding tables, while overall tax liability is down 24.9 percent.<\/p>\n<p>This gap in outcomes has contributed to a confusing tax experience because while the average tax filer is better off, they\u2019ve received a small amount of that benefit in their tax refund, which many people think of as their \u201cbottom line.\u201d <\/p>\n<p><strong>Taxes down 25 percent, but refunds roughly flat, so where did the money go?<\/strong><br \/>\nNearly 80 percent of Americans did not update their W-4 last year, resulting in a bump in their paychecks throughout the year. H&amp;R Block data shows their average tax liability down nearly $1,200 on average, but refunds up just $43, so an average of $1,156 went into paychecks during the year.<\/p>\n<p><strong>Leaving of their income with people and businesses was a goal of the Tax Cuts and Jobs Act.<\/strong><br \/>\n<a href=\"https:\/\/granitestatetaxpayers.org\/gst\/wp-content\/uploads\/2017\/12\/TCJA-Final.pdf\" target=\"_blank\">The White House Council on Economic Advisers Report on 12\/28\/2017<\/a> estimated that tax cuts would grow the economy by 3% over 10 years, resulting in more revenue and greater economic opportunity for all Americans.<\/p>\n<p><strong>Good News for New Hampshire Taxpayers! <\/strong><br \/>\nBased upon the H&amp;R Block data, their New Hampshire clients saw overall tax payments go down 25.2 percent!<br \/>\nAlso interesting is that even high (income, sales, property) tax states (CA, NJ, MA) showed reduced payments.<\/p>\n<p><a href=\"https:\/\/granitestatetaxpayers.org\/gst\/wp-content\/uploads\/2019\/04\/TCJA-STATE-DATA-MAP-TAX-DECREASE.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/granitestatetaxpayers.org\/gst\/wp-content\/uploads\/2019\/04\/TCJA-STATE-DATA-MAP-TAX-DECREASE.jpg\" alt=\"IMG_1870\" width=\"300\" height=\"300\" class=\"alignnone size-medium wp-image-2862\"> <\/a><a href=\"https:\/\/granitestatetaxpayers.org\/gst\/wp-content\/uploads\/2019\/04\/TCJA-STATE-DATA-MAP-REFUND-CHANGE.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/granitestatetaxpayers.org\/gst\/wp-content\/uploads\/2019\/04\/TCJA-STATE-DATA-MAP-REFUND-CHANGE.jpg\" alt=\"IMG_1872\" width=\"300\" height=\"300\" class=\"alignright size-medium wp-image-2860\" \/><\/a><\/p>\n<p><strong><a href=\"https:\/\/www.hrblock.com\/tax-center\/newsroom\/irs\/tax-law-and-policy\/tcja-impact\/\" target=\"_blank\">Click here for the H&amp;R Block report showing their client&#8217;s taxes reduced by 24.9 percent on average!<\/a> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s Good News for US Taxpayers this April 15th! H&amp;R Block reports the Tax Cuts and Jobs Act reduced their client&#8217;s taxes by 24.9 percent on average! &#8220;H&amp;R Block data through March 31, 2019 shows the size of its clients\u2019 tax refunds is up 1.4 percent under the first year of tax reform and new [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1,7],"tags":[19,18,25],"class_list":["post-3795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","category-secial-alerts","tag-tax-cuts-jobs-act","tag-tax-reform","tag-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Happy Tax Day 2019 - Granite State Taxpayers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/granitestatetaxpayers.org\/gst\/happy-tax-day-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Happy Tax Day 2019 - Granite State Taxpayers\" \/>\n<meta property=\"og:description\" content=\"There&#8217;s Good News for US Taxpayers this April 15th! 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