{"id":9076,"date":"2023-05-15T17:22:52","date_gmt":"2023-05-15T21:22:52","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hr-blocks-and-turbotax-parent-intuits-stocks-lower-ahead-of-government-report-on-proposal-to-let-people-file-taxes-directly-to-irs-for-free\/"},"modified":"2023-05-15T17:22:53","modified_gmt":"2023-05-15T21:22:53","slug":"hr-blocks-and-turbotax-parent-intuits-stocks-lower-ahead-of-government-report-on-proposal-to-let-people-file-taxes-directly-to-irs-for-free","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9076","title":{"rendered":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free"},"content":{"rendered":"
\n

The stocks of H&R Block Inc.
\n HRB,
\n -2.84%<\/bg-quote>
\n and TurboTax parent Intuit Inc.
\n INTU,
\n -0.33%<\/bg-quote>
\n fell premarket Monday, ahead of the release this week of a government report on a proposal to let the IRS allow people prepare and file their taxes electronically and for free \u2014 directly with the agency.\u00a0The report comes after last year\u2019s Inflation Reduction Act earmarked $80 billion for the IRS to upgrade its operations and\u00a0enforcement and consider adding a direct filing option. The Biden administration will then decide whether to move ahead with the proposal. H&R Block\u2019s stock fell 8% and Intuit was down 4%. Both companies are pushing back against the move, which would eat into their revenue. \u201cIt\u2019s time for the IRS to create a free and simplified public tax filing option,\u201d said Adam Ruben, vice president of campaign and political strategy at the Economic Security Project, a left-leaning organization that\u2019s pushed for guaranteed income and more generous tax credits for lower-income people, in April. Taxpayers spend an average of $250 doing their tax returns in 2023, according to \u00a0IRS estimates.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a government report on a proposal to let the IRS allow people prepare and file their taxes electronically and for free \u2014 directly with the agency.\u00a0The report comes after last […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-9076","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nH&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=9076\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=9076\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T21:22:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-15T21:22:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9076#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9076\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free\",\"datePublished\":\"2023-05-15T21:22:52+00:00\",\"dateModified\":\"2023-05-15T21:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9076\"},\"wordCount\":214,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=9076#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9076\",\"url\":\"https:\/\/ifintechworld.com\/?p=9076\",\"name\":\"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-15T21:22:52+00:00\",\"dateModified\":\"2023-05-15T21:22:53+00:00\",\"description\":\"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=9076#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=9076\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=9076#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld","description":"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=9076","og_locale":"en_US","og_type":"article","og_title":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld","og_description":"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a","og_url":"https:\/\/ifintechworld.com\/?p=9076","og_site_name":"iFintechWorld","article_published_time":"2023-05-15T21:22:52+00:00","article_modified_time":"2023-05-15T21:22:53+00:00","og_image":[{"width":1320,"height":742,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=9076#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=9076"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free","datePublished":"2023-05-15T21:22:52+00:00","dateModified":"2023-05-15T21:22:53+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=9076"},"wordCount":214,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=9076#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=9076","url":"https:\/\/ifintechworld.com\/?p=9076","name":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-15T21:22:52+00:00","dateModified":"2023-05-15T21:22:53+00:00","description":"The stocks of H&R Block Inc. HRB, -2.84% and TurboTax parent Intuit Inc. INTU, -0.33% fell premarket Monday, ahead of the release this week of a","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=9076#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=9076"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=9076#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"H&R Block\u2019s and TurboTax parent Intuit\u2019s stocks lower ahead of government report on proposal to let people file taxes directly to IRS for free"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9076"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9076\/revisions"}],"predecessor-version":[{"id":9077,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/9076\/revisions\/9077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1383"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}