Trump made good on a campaign promise when he created the DOGE.Jim WATSON / AFPH&R Block and Intuit shares fell after a report said the DOGE commission is considering a free tax filing app.The Biden administration introduced an IRS tax filing pilot program in 2022.Analysts are divided on the impact of government tax preparation services for Intuit and H&R Block.Shares of tax-filing providers H&R Block and Intuit dropped on Tuesday after a report from The Washington Post said Elon Musk's DOGE commission is exploring a free mobile tax-filing app.H&R Block stock dropped as much as 9%, while shares of Intuit dropped as much as 7%.
Elon Musk's Reported Doge Plan For A Free Tax Filing App Hits H&r Block And Intuit Stock
mfox@businessinsider.com (Matthew Fox), Business Insider
Tue, 11/19/2024 - 12:49pm
Topics: jim watson afph&r the washington post president-elect donald trump's department vivek ramaswamy u.s tax code americans government efficiency doge november turbotax inflation reduction act wall street jefferies bloomberg intelligence andrew silverman jackson hewitt business insider doge h&r block intuit biden irs in elon musk government efficiency doge plan commission report taxes revenue billion dropped pilot preparation program million simplified words tuesday services shares mobile file wrote
BING NEWS:
- H&R Block, Intuit Stocks Slump as Trump's 'DOGE' Leaders Mull Free Tax-Filing App
Shares of tax prep companies H&R Block and Intuit dropped Tuesday following a report the incoming Trump administration is considering creating a mobile app for users to file their taxes for free.
11/19/2024 - 10:05 am | View Link - Intuit Stock Tumbles As Elon Musk's DOGE Commission Eyes Simple Tax-Filing App
Intuit stock fell on a report that the Trump administration is considering a plan to create a mobile app for filing taxes.
11/19/2024 - 9:34 am | View Link - H&R Block and Intuit drop on a report that Elon Musk's DOGE may develop a new tax-filing app
The publication cited two people, who spoke on the condition of anonymity, in reporting that the leaders of the incoming administration's DOGE discussed the idea of crafting a mobile app to file ...
11/19/2024 - 8:55 am | View Link - Elon Musk's reported DOGE plan for a free tax filing app hits H&R Block and Intuit stock
H&R Block and Intuit combined generate roughly $9 billion in annual revenues from their tax preparation services.
11/19/2024 - 6:49 am | View Link - More
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