KANSAS CITY, Mo., April 15, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE:HRB) and OpenAI today announced a joint effort to develop a generative artificial intelligence (GenAI) solution enabling H&R Block's vast network of more than 60,000 tax professionals to deliver tailored insights, faster, to the millions of clients served each year virtually or at one of its 9,000 locations nationwide. The collaboration will combine OpenAI's advanced models with the deep expertise of H&R Block's The Tax Institute (TTI). Co ...

Joint initiative merges world-class tax expertise with advanced AI capabilities to enhance real-time assistance for 60,000 tax pros to support millions of taxpayersKANSAS CITY, Mo., April 15, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) and OpenAI today announced a joint effort to develop a generative artificial intelligence (GenAI) solution enabling H&R Block’s vast network of more than 60,000 tax professionals to deliver tailored insights, faster, to the millions of clients served each year virtually or ...

Core Insights - H&R Block is providing last-minute tax filing tips as the April 15th deadline approaches, with 2025 filings slightly lower than the previous year, indicating many taxpayers may be rushing to file [1][2] Tax Preparation Insights - Millions of taxpayers miss out on valuable deductions and credits each year, leading to billions of dollars left unclaimed [2] - H&R Block's Tax Institute, comprising tax attorneys, CPAs, and enrolled agents, monitors tax code changes to assist a network of 60,000 tax professionals [2] Recommendations for Maximizing Refunds - H&R Block offers strategies to reduce tax liability and maximize refunds, including a free Second Look® tax review for up to three years of tax returns [3][4] - Commonly missed credits include the American Opportunity Tax Credit, Child Tax Credit (up to $2,000 per child), and Earned Income Tax Credit [6] - Taxpayers are encouraged to file even if they cannot pay, as the penalty for failing to file is significantly higher than for failing to pay [6] Filing Options and Support - H&R Block provides various filing options, including in-person assistance, DIY online tools, and a Tax Pro Review service for added confidence [15] - The company emphasizes the importance of including all sources of income, especially with new 1099-K reporting rules affecting gig workers and online sellers [6] Extension and Payment Information - Taxpayers unable to file by the deadline can request an extension until October 15, 2025, but must estimate and pay any tax due by April 15 to avoid penalties [9][10]

H&R Block provides expert advice to help last-minute tax filers get the max refundKANSAS CITY, Mo., April 08, 2025 (GLOBE NEWSWIRE) -- With the deadline to file taxes only 7 days away, H&R Block (NYSE: HRB), the company that pioneered the tax prep category 70 years ago, is providing crucial last-minute tips to help taxpayers navigate the final stretch of tax season while ensuring no dollar is left behind. According to IRS data, 2025 filings are slightly lower compared to last year1, which means millions of ...

Core Points - H&R Block has elected Richard A. Johnson as the new Chairman of the Board, effective April 1, 2025, succeeding Robert A. Gerard who held the position since 2011 [1][2] - Johnson has been a member of the H&R Block Board since 2015 and has served on the Audit and Compensation Committees [1][2] - The leadership transition aligns with the company's commitment to Board refreshment and succession planning as it prepares for a new 5-year growth strategy [2][3] Company Overview - H&R Block, Inc. provides global tax preparation services, financial products, and small-business solutions, blending digital innovation with human expertise [3] - The company aims to help clients achieve the best outcomes during tax season and improve their financial management through its mobile banking app, Spruce [3] - H&R Block also supports small-business owners with year-round bookkeeping, payroll, advisory, and payment processing solutions through Block Advisors and Wave [3]

KANSAS CITY, Mo., April 02, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE:HRB) today announced that the company's Board of Directors has unanimously elected Richard A. Johnson as the new Chairman of the Board, effective April 1, 2025. Johnson joined the H&R Block Board of Directors in 2015 and is a member of the Audit and Compensation Committees. He succeeds Robert A. Gerard, who has served as Chairman since 2011. In announcing the change, Gerard said, "Consistent with our commitment to Board refreshment and suc ...

Core Insights - The article discusses the growing gig economy and the launch of H&R Block's "Make It Legit" contest aimed at supporting gig workers in establishing themselves as legitimate small business owners [1][3][5] Group 1: Contest Overview - The "Make It Legit" contest will accept entries until May 4, providing three winners with professional business services and marketing support [2] - Winners will receive free business formation services, year-round tax expertise, and custom marketing materials, including a commercial [5] Group 2: Gig Economy Context - There are over 70 million individuals classified as gig workers in the U.S., many of whom do not view themselves as legitimate business owners despite being taxed as such [3][4] - A recent change in the 1099-K reporting threshold now requires independent workers to report earnings of $5,000 or more, significantly lowering the previous threshold of $20,000 [3] Group 3: Awareness and Education - A study by H&R Block found that nearly half of gig workers were unaware of the 1099-K change, and 50% remained unclear on the details as tax season began [4] - Many gig workers may be missing out on tax credits and deductions available to small businesses, potentially limiting their income [4] Group 4: Brand Promotion - H&R Block is promoting the contest through creative content creators who have successfully turned their passions into legitimate businesses, showcasing their stories through commercials [6]

Core Insights - The article discusses the impact of the new 1099-K earning threshold, which has lowered the reporting requirement for gig workers and side hustlers from $20,000 to $5,000, effectively classifying many as small business owners [3][4] - H&R Block has launched the "Make It Legit" contest to encourage gig workers to recognize their status as small business owners and to provide them with essential business services and marketing support [2][5] Group 1: Contest Details - The "Make It Legit" contest will accept entries until May 4, aiming to help three gig workers by providing professional business services and marketing support [2] - Winners will receive free business formation services, year-round tax expertise from H&R Block professionals, and custom marketing materials, including a commercial [5][6] Group 2: Gig Economy Insights - A study by H&R Block found that nearly 50% of gig workers were unaware of the 1099-K threshold change, and even after learning about it, 50% remained unclear on the details [4] - Many gig workers may be missing out on tax credits and deductions available to small businesses, potentially limiting their income [4] Group 3: H&R Block's Role - H&R Block has been providing tax assistance for 70 years and aims to inspire gig workers to operate confidently as small business owners [3][6] - The company blends digital innovation with human expertise to support clients in tax preparation and financial management [9]

New findings show 68% of Gen Z are influenced by social media finance trends KANSAS CITY, Mo., March 31, 2025 (GLOBE NEWSWIRE) -- Designated as National Financial Literacy Month, April is intended to raise awareness about the importance of financial education and to encourage healthy financial habits. Yet, a survey conducted by Spruce, the mobile banking app built by H&R Block, reveals many may be relying on platforms where virality is valued over validity. The findings underscore the growing role of digita ...

Core Insights - Block Advisors by H&R Block and The Home Depot have partnered for the 2025 tax season to assist Pro Xtra members with administrative business tasks, offering discounted tax preparation services to help them focus on business growth [1][2]. Collaboration Details - The initiative aims to help Pro Xtra members manage business complexities, including taxes and bookkeeping, leveraging H&R Block's 70 years of expertise to minimize tax liabilities [2]. - Pro Xtra members can access special offers on Block Advisors' tax preparation and year-round services through The Home Depot Pro Desks or online [3]. Tax Benefits and Discounts - The collaboration provides various tax deductions and credits, including: - 45L Tax Credit for energy-efficient home construction or renovation - Section 179 deduction for significant equipment and property expenses - Deductions for professional materials and supplies - Vehicle and mileage deductions for business use [6]. - Specific discounts include: - $50 off tax preparation with a Small Business Certified Tax Pro - $25 off DIY online tax preparation - $25 off business formation services - First month free, plus 10% off bookkeeping and payroll services [6]. Company Overview - H&R Block, Inc. provides global tax preparation services, financial products, and small-business solutions, combining digital innovation with human expertise to enhance client outcomes [5].