House Tax Plan Would Kill Direct File And Rescue Controversial Contingency Fees [Forbes]
H&R Block, Inc. (HRB)
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Source: Forbes
File, increasing the punishment for unauthorized disclosures, and stopping a ban on contingency fees. If you were expecting the budget reconciliation process to be easy, you haven't been paying attention. Several committees are working on language related to the bill, including Agriculture, Energy and Commerce, and Ways and Means. Each of those committees will also consider amendments, proposals, and markups. That means there are several working parts and, in some cases, different priorities. Add-ons like plans to nix IRS Direct File may not have been included in early drafts, but appear as the process churns on. Even as the Energy and Commerce Committee considered significant changes to Medicaid, including work requirements, most of the tax-specific language will come from the Ways and Means Committee. The committee released a draft version of the bill over the weekend, and a substitute amendment was made public on Monday—you can read a summary of some of the early highlights her
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HRB
Earnings
- 11/6/25 - Beat
HRB
Sec Filings
- 11/20/25 - Form 4
- 11/19/25 - Form 144
- 11/14/25 - Form 4
- HRB's page on the SEC website