H&R Block, Intuit stocks fall on news of a potential free tax-filing app by Trump transition team
BLOCK(SQ) CNBC·2024-11-20 02:58
The stock prices for H&R Block and Intuit fell after a Tuesday report saying the Trump transition team is considering creating a free tax-filing app.Intuit, which makes the TurboTax tax-filing software, was down 5%, putting it on pace for its worst day since Aug. 23, when the company's stock price fell nearly 7%. H&R Block was down 8% and on pace for its worst day since 2020.President-elect Donald Trump's "Department of Government Efficiency" has held "highly preliminary" discussions about creating the free ...