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What Taxpayers Should Know About Big Changes to Form 1099-K Reporting
GlobeNewswire· 2025-01-22 13:00
Block Advisors by H&R Block demystifies a change impacting millions of small businesses, freelancers, and gig economy side hustlers this tax seasonKANSAS CITY, Mo., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online marketplaces must issue a Form 1099-K to anyone who received $5,000 or more in payments on any single platform i ...
H&R Block to Release Fiscal 2025 Second Quarter Results on February 4, 2025
GlobeNewswire· 2025-01-21 21:35
Earnings Announcement - H&R Block Inc will report fiscal 2025 second quarter results on February 4 2025 after the New York Stock Exchange market close [1] - The press release and presentation will be available on the company's investor relations website [1] Conference Call Details - A conference call for analysts institutional investors and shareholders will be held at 4:30 pm Eastern time on February 4 2025 [2] - Participants must register to receive a dial-in number and unique PIN to access the call [2] - The call will discuss fiscal 2025 second quarter results outlook and provide a general business update [2] Webcast Information - The conference call will be webcast in a listen-only format for the media and public [3] - The webcast will be available for replay 2 hours after the call and will remain accessible for 90 days [3] Company Overview - H&R Block Inc provides global tax preparation services financial products and small-business solutions [4] - The company offers digital innovation combined with human expertise through its mobile banking app Spruce [4] - Through Block Advisors and Wave the company supports small-business owners with bookkeeping payroll advisory and payment processing solutions [4] Contact Information - Investor Relations contact: Jordyn Eskijian (816) 854-5674 jordyn eskijian@hrblock com [5] - Media Relations contact: Teri Daley (816) 854-3787 teri daley@hrblock com [5] - Media Desk contact: mediadesk@hrblock com [5]
What PMI Data Says About the NFP Report: 3 Hidden Opportunities
MarketBeat· 2025-01-14 12:45
iShares 20+ Year Treasury Bond ETF (TLT) - The iShares 20+ Year Treasury Bond ETF (TLT) closed at $85.43, down by $0.03 (-0.04%) with a 52-week range between $85.04 and $101.64 [1] - The ETF has a dividend yield of 4.39% and assets under management totaling $50.35 billion [1] - Bond prices recovered after a brief sell-off following the NFP report, indicating potential buying opportunities [1] - Goldman Sachs has recommended bonds, suggesting a potential upward trend for the bond ETF [1] Non-Farm Payrolls (NFP) Report Impact - The NFP report exceeded consensus expectations by nearly 100,000 jobs, leading to a significant sell-off in the SPDR S&P 500 ETF Trust (SPY) [5] - The report showed job growth primarily in the financial and retail sectors, driven by seasonal factors [5] - The manufacturing sector experienced a 28-month consecutive contraction in employment, while the services sector added mostly part-time and seasonal jobs [7][9] - The NFP report may not reflect real economic growth, as full-time jobs are more indicative of economic expansion [6] Schwab US Dividend Equity ETF (SCHD) - The Schwab US Dividend Equity ETF (SCHD) is not among the top five stocks recommended by top-rated analysts [3] - The ETF offers a dividend yield of 9.38% with assets under management of $65.32 billion [14] - Shareholders receive up to $2.56 in dividend payouts per share, providing a cushion against potential economic volatility [14] Energy Select Sector SPDR Fund (XLE) - The Energy Select Sector SPDR Fund (XLE) closed at $90.25, up by $1.86 (+2.10%) with a 52-week range between $78.98 and $98.97 [10] - The fund has a dividend yield of 3.57% and assets under management of $33.71 billion [10] - Goldman Sachs and Warren Buffett have both shown a preference for oil, with Buffett acquiring up to 29% of Occidental Petroleum Co. (OXY) [11] - Hedge funds are increasing positions in oil futures, indicating a bet on higher oil prices [12] Market Implications - Higher bond prices lead to lower bond yields, prompting income-focused investors to seek alternatives such as dividend stocks [13] - The economy may face downward revisions in job numbers, similar to the 818,000 jobs erased from the NFP in August 2024 [9] - Investors are advised to consider opportunities in bonds, dividend stocks, and the energy sector to navigate potential economic volatility [5][14][12]
What Tax Filers Need to Know To Get The Best Outcome This Tax Season
GlobeNewswire· 2025-01-14 12:00
H&R Block combines 70 years of trusted expertise with cutting-edge technology and unparalleled support to ensure hardworking Americans get every dollar they deserve at tax timeKANSAS CITY, Mo., Jan. 14, 2025 (GLOBE NEWSWIRE) -- With e-file set to open on Jan. 27, H&R Block (NYSE: HRB) is arming taxpayers with the latest information regarding significant changes to tax laws, deductions and credits that could impact individual returns, and the resources needed to minimize tax liabilities and receive their max ...
New This Tax Season: H&R Block Filers Could Receive Up To $4,000 With Refund Advance Loan
Newsfilter· 2025-01-06 13:00
KANSAS CITY, Mo., Jan. 06, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE:HRB) is excited to announce the return of Refund Advance loan1, a no-interest loan of up to $4,000, issued by Pathward®, N.A, available to qualifying taxpayers who file their taxes with H&R Block between Jan. 3 and Feb. 28, 2025. Designed to help hardworking Americans access funds more quickly than waiting for their refund, Refund Advance loan provides financial relief to filers while they wait for their refund to be processed. Unlike loans ...
New This Tax Season: H&R Block Filers Could Receive Up To $4,000 With Refund Advance Loan
GlobeNewswire· 2025-01-06 13:00
No interest and no loan fees for those who need money ahead of their refundKANSAS CITY, Mo., Jan. 06, 2025 (GLOBE NEWSWIRE) -- H&R Block (NYSE: HRB) is excited to announce the return of Refund Advance loan1, a no-interest loan of up to $4,000, issued by Pathward®, N.A, available to qualifying taxpayers who file their taxes with H&R Block between Jan. 3 and Feb. 28, 2025. Designed to help hardworking Americans access funds more quickly than waiting for their refund, Refund Advance loan provides financial rel ...
Why H&R Block (HRB) is a Top Growth Stock for the Long-Term
ZACKS· 2024-12-24 15:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
H&R Block's 2024 Outlook on American Life Data Shows Rise in Consumer Debt Amidst Increased Holiday Spending
Newsfilter· 2024-12-18 13:42
KANSAS CITY, Mo., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Even as rising levels of debt further strain household budgets, and with many Americans already facing financial pressures that could lead to even greater economic challenges in the year ahead, holiday spending is increasing. These findings echo H&R Block's (NYSE:HRB) fourth annual 2024 Outlook on American Life report, which reveals that while many generations remain optimistic about their income and buying power, they are simultaneously burdened by overwh ...
3 Reasons Why Growth Investors Shouldn't Overlook H&R Block (HRB)
ZACKS· 2024-11-27 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...
Is H&R Block (HRB) a Great Value Stock Right Now?
ZACKS· 2024-11-14 15:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...