List: Number of Households by State Benefiting from the Doubled Standard Deduction

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Posted by Gaby Enos on Thursday, September 6th, 2018, 4:55 PM PERMALINK

  • Thanks to the tax cuts passed by the Republican House and Senate and signed into law by President Trump, millions of families are seeing lower taxes because of the doubling of the standard deduction.
     
  • The Tax Cuts and Jobs Act nearly doubled the standard deduction from $6,300 to $12,000 for an individual and $12,600 to $24,000 for a family.
     
  • Because of tax reform, the number of people taking the standard deduction will increase from 66 percent of taxpayers to 93 percent. These will result in dramatic simplification as families choose to no longer itemize deductions.
     
  • The doubling of the standard deduction also results in dramatic tax reduction for the 105,055,150 million taxpayers that took the standard deduction before passage of tax reform, according to IRS SOI data from 2015 (the most recent year available).
     
  • For instance, 2,057,890 families in Missouri, 2,396,920 families in Indiana, 7,381,270 families in Florida, and 2,076,930 families in Arizona benefit from the expansion of the standard deduction. Specific statewide data can be found in the chart below:

 

              State               Number of Filers

United States         104,180,520

Alabama                 1,520,920

Alaska                    281,390

Arizona                  2,076,930

Arkansas                954,510

California               11,639,810

Colorado                1,764,070

Connecticut            1,032,700

Delaware                308,230

Florida                    7,381,270

Georgia                  2,977,270

Hawaii                    487,460

Idaho                      518,820

Illinois                    4,231,140

Indiana                   2,396,920

Iowa                       1,024,420

Kansas                    997,220

Kentucky               1,412,530

Louisiana                1,532,990

Maine                     466,830

Maryland                1,604,370

Massachusetts        2,142,350

Michigan                3,463,240

Minnesota              1,777,460

Mississippi              953,720

Missouri                 2,057,890

Montana                 356,280

Nebraska                650,230

Nevada                   1,013,060

New Hampshire     476,010

New Jersey             2,574,770

New Mexico          710,020

New York              6,285,820

North Carolina       3,160,340

North Dakota         300,820

Ohio                       4,130,020

Oklahoma               1,246,880

Oregon                   1,193,960

Pennsylvania          4,418,190

Rhode Island           354,070

South Carolina        1,575,650

South Dakota         344,070

Tennessee               2,383,180

Texas                      9,284,760

Utah                       816,410

Vermont                 236,940

Virginia                  2,449,420

Washington            2,393,070

West Virginia            648,040

Wisconsin               1,956,470

Wyoming                   217,580

Photo Credit: H&R Block

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