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TFC Commodity Trading Forum

H&R Block avg customer paid 25% less tax in '18 *LINK*

H&R Block reported that due to Pres. Trump’s ‘Tax Cuts and Jobs Act’ its average customer paid 25 percent less taxes in 2018 than in 2017.

As America’s largest tax preparer, the Kansas City, Missouri company operates 12,000 retail offices across the nation and filed 19.9 million tax returns in 2017. For 2018 tax returns filed through March 31, H&R Block reported that its average customer paid $1,200 in federal tax. That amounted to a 25 percent savings, or about $400 less than the $1,600 paid in 2017.

It's not enough of a tax cut but a cut is a cut.