Enjoy your tax cuts while they last [CNN]
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: CNN
Enjoy your tax cuts while they last First, the good news. A lot of households under the GOP tax plan , which President Trump is set to sign into law this week, will see a lower tax bill in the next several years. The nonpartisan Joint Committee on Taxation estimates that in 2019, more than half of filers making $40,000 and up will see an average tax cut greater than $500. That trend holds for income groups over $50,000 in the subsequent years measured through 2025. The Tax Institute at H&R Block provided some scenarios of people with young children, for instance, who could see their tax burden drop by roughly $2,000 or more next year. But here's the thing: After 2025, all individual tax cuts are set to expire. At the same time, corporate rate cuts are made permanent under the bill. As a result, by 2027 a large majority of people making less than $200,000 will either see little change in their tax bill or a tax increase relative to what they pay today, the JCT estimates. Related: T
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HRB
Earnings
- 2/6/24 - Beat
HRB
Sec Filings
- 2/23/24 - Form 144/A
- 2/23/24 - Form 4
- 2/23/24 - Form 144
- HRB's page on the SEC website