Reported 1 day ago
Shares of Intuit and H&R Block fell following reports that discussions were underway for a new mobile app allowing Americans to file taxes for free, linked to the 'DOGE' initiative by Trump's government efficiency team. This development comes as the IRS is piloting a similar program, raising concerns about potential revenue losses for these tax preparation giants. Analysts suggest that despite investor worries, such initiatives may not significantly impact Intuit’s growth due to logistical challenges.
Source: YAHOO