H&R Block CEO shares insights on the upcoming tax season
- Filing a tax return may be easier this year
- Refunds may be higher than last year
- No major tax-law changes or disruptions expected
- Early signs suggest refunds are up
- Tax laws are similar to last year
- Possible changes to the child tax credit
- H&R Block offers free filing on simple federal returns
- No reason to believe it will be an unusual tax season
According to H&R Block’s CEO, Jeff Jones, there are reasons to look forward to this year’s tax season. Filing a tax return is expected to be relatively easier compared to previous years, and taxpayers may also see higher refunds. Jones reassures that there are no major tax-law changes or disruptions expected, making it a normal tax season. Early signs indicate that refunds may be up, although it’s important to note that these averages can change as more tax returns are processed. H&R Block, known for its in-person and online tax preparation services, has seen a consumer need for cash, leading to products like refund advances with no loan fees and interest. While there may be possible tax twists, such as the IRS’s test run of its free online tax-filing platform and potential changes to the child tax credit, overall, tax laws are similar to last year and no surprises are expected. H&R Block is prepared to quickly adapt to any new rules and calculations. In conclusion, taxpayers can expect a relatively normal tax season with the possibility of easier filing and higher refunds.
Public Companies: H&R Block (HRB), Intuit (INTU)
Private Companies:
Key People: Jeff Jones (President and CEO of H&R Block), Tom O’Saben (Director of Tax Content and Government Relations at the National Association of Tax Professionals)
Factuality Level: 7
Justification: The article provides information from H&R Block’s president and CEO Jeff Jones about the upcoming tax season. It includes statements about the ease of filing returns, the potential for higher refunds, and the lack of major tax-law changes. The article also mentions the average refund amount from the previous year and the possibility of refunds being up this year. It discusses the IRS’s Direct File program and potential changes to the child tax credit. Overall, the article presents information from a credible source and provides some context for the upcoming tax season.
Noise Level: 3
Justification: The article provides information on the upcoming tax season and potential changes, but it lacks depth and analysis. It mostly consists of quotes from H&R Block’s president and CEO without much critical analysis or evidence to support the claims made.
Financial Relevance: Yes
Financial Markets Impacted: The article does not provide any information about specific financial markets or companies impacted.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the upcoming tax season and potential changes in tax laws, but does not mention any extreme events or their impact on financial markets or companies.
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