JSFiddle - React, Tailwind, and code Playground

HTML

<input type="text" class="input-remover badinput" value="Business Name">
<input type="text" class="input-remover badinput" value="Business Address 1">
<input type="text" class="input-remover badinput" value="Business Address 2">
<input type="text" class="input-remover badinput" value="City">

JavaScript

var textval

$(".input-remover").click(function () {
    textval = this.value;
    $(this).addClass("currentspot");

    if ($(this).hasClass("placeholder")) {

    } else {

        $(this).val("");

    }

});


$("input").keypress(function () {
    $(".currentspot").removeClass("badinput");
    $(".currentspot").addClass("placeholder");

});


$("input").blur(function () {

    if ($(this).hasClass("placeholder")) {


        $(".currentspot").removeClass("currentspot");

    } else {

        $(".currentspot").val(textval);
        $(".currentspot").removeClass("currentspot");

    }

});