The stocks of H&R Block Inc. HRB, +1.23% and TurboTax parent Intuit Inc.
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 — directly with the agency. The report comes after last year’s Inflation Reduction Act earmarked $80 billion for the IRS to upgrade its operations and enforcement and consider adding a direct filing option. The Biden administration will then decide whether to move ahead with the proposal.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: