by Ian Cooper

Tax time is almost here again.

Every one’s “most favorite” time of the year when we get to hand over even more of our hard-earned earnings to the government.

With far too many of us unwilling to do our own taxes, we leave it up to trusted tax professionals. That way we don’t make mistakes with filing status, dependents, capital gains, or making dangerous assumptions. That way, we also don’t get a visit from the “friendly” IRS.

H&R Block (HRB)

HRB is a non-brainer with tax season.

Every year around this time, HRB rockets higher. We saw it happen just about every year. Not only can you make money from its potential appreciation this time of year, but you can also collect its yield of 2.75%. 

Last year, HRB bottomed out at around $44 in January and tested a high of $53.55 just after taxes. Nowadays, after bottoming out at $52, we do expect for HRB to blast higher again.

Helping, CEO Jeffrey Jones reaffirmed the fiscal 2025 outlook, highlighting confidence in delivering results for the second half of the fiscal year. He noted strong performance in small business services, particularly in bookkeeping and payroll, which achieved double-digit revenue growth. DIY tax services benefited from an expanded range of custom experiences, improving conversion rates, as noted by Seeking Alpha.

Intuit (INTU)

There’s also Intuit (INTU), whose TurboTax is popular with taxpayers.

At $590 a share, it’s another one that typically runs around this time of the year. While it’s just a bit overbought at current prices, it’s still being bid higher on tax season. Before the 2024 tax deadline, INTU traded at about $597. Shortly after taxes were due, INTU hit a high of $670.

Today, INTU is back to $590 and could make another run north as we near the 2025 due date.

Also, as noted by Business Insider, “Mizuho analyst Siti Panigrahi says a tweet from Elon Musk suggesting 18F, a technology group that helped build the Internal Revenue Service’s Direct File program, has been ‘deleted’ helped shares of Intuit recover.”