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.
These days, far too many of us are unwilling to do our own taxes, so 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.
Many of us also forget human error can be costly. Even the smallest error can lead to expensive tax bills and a possible visit from the “friendly” IRS.
H&R Block (SYM: 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 2.51%. 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 $55.11, we do expect for HRB to blast higher again.
Intuit (SYM: INTU)
There’s also Intuit (INTU), whose TurboTax is popular with taxpayers.
At $638 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 $654 and could make another run north as we near the 2025 due date.
