Elon Musk's idea to simplify tax filings hits Intuit and H&R Block …

2 days ago · Intuit’s shares fell 5% while H&R Block’s stock dropped 8% after Musk's Department of Government Efficiency floated the idea of a free tax-filing app.

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Elon Musk's Idea To Simplify Tax Filings Hits Intuit And H&R Block …

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2 days ago · Intuit’s shares fell 5% while H&R Block’s stock dropped 8% after Musk's Department of Government Efficiency floated the idea of a free tax-filing app.

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What We Know About Elon Musk’s ‘Department Of Government …

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Nov 13, 2024 · Musk has often lobbed at the IRS, calling Tuesday to “simplify the tax code.” Shares of tax filing services H&R Block and Intuit have dipped about 5% apiece following the …

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Elon Musk's DOGE And The Future Of Tax Filing:

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2 days ago · H&R Block and Intuit shares took a hit recently, with H&R Block dropping 8.2% and Intuit shedding 5.1% after a Washington Post report suggested Elon Musk and Vivek …

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FAQs about Elon Musk's idea to simplify tax filings hits Intuit and H&R Block … Coupon?

Is Elon Musk trying to simplify the tax code?

T ax prep company stocks are falling as Elon Musk’s “Department of Government Efficiency” (DOGE) reportedly has its sights locked on simplifying the tax code — and helping Americans file for free. ...

Why did H&R Block & Intuit stock drop 7%?

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%. Intuit owns TurboTax, an online tax filing platform. ...

Could a free IRS mobile app cut out Intuit & TurboTax?

One of their headline-grabbing proposals is a free IRS mobile app to let Americans file taxes directlypotentially cutting out private giants like Intuit (NASDAQ:INTU), the maker of TurboTax. ...

Who is Elon Musk?

The world’s richest man Elon Musk’s role in the upcoming Trump administration became clearer this week as president-elect Donald Trump tapped him to lead the “Department Of Government Efficiency,” and, though exactly what the commission will do is still not exactly known, social media posts this week have hinted at what's to come. ...

What does Intuit say about simplifying the tax code?

Intuit spokesperson Tania Mercado commented (via CNBC): “For decades, Intuit has publicly called for simplifying the U.S. tax code so individuals, families, and small businesses can better understand their finances.” Are you a pro? ...

Will Intuit have a tax-filing app?

Intuit spokeswoman Tania Mercado didn't directly address the prospect of a government tax-filing app, but told CNBC in a statement that, "For decades, Intuit has publicly called for simplifying the U.S. tax code so individuals, families, and small businesses can better understand their finances." ...