If You Invested Last Year's $3,039 Average Tax Return In These Tax Prep Stocks - Here's How Much You'd Have Today

As April 18th, the tax filing deadline draws near, it's interesting to recall that in the previous tax season, the IRS issued more than 96 million refunds totaling over $292 billion, with an average refund of $3,039.

Millions of taxpayers rush to file their returns each year, creating a surge in demand for tax preparation services and software solutions.

With tax preparation companies reaping the rewards of this annual frenzy, an investor might wonder: "What if I had invested my entire average tax refund of $3,039 in tax-related stocks last year? How much would my investment be worth today?"

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Intuit Inc. INTU, the powerhouse behind TurboTax, the tax preparation software, is well-positioned for growth as taxpayers rush to complete their filings. But how’s the stock doing?

Intuit closed Monday, April 11, 2022 at $469.88.

A $3,039 investment at $469.88 would’ve yielded the investor 6.5 shares, and it would be worth $2,827.54 at current prices — a loss of $210.46, or 6.93%.

Another company that many taxpayers use during the filing rush is H&R Block Inc. HRB, a prominent tax preparation service with an extensive network of brick-and-mortar locations and online offerings.

H&R Block closed Monday, April 11, 2022 at $26.15.

A $3,039 investment at $26.15 would’ve yielded an investor 116.2 shares, and it would be worth $3,976.36 at current prices — a gain of $937.36, or 30.84%.

Avantax Inc AVTA, formerly known as Blucora and the force behind TaxAct, is a strong competitor in the tax preparation software market as well.

Avantax closed Monday, April 11, 2022 at $19.47.

A $3,039 investment at $19.47 would’ve yielded an investor 156.08 shares, and would be worth $4,282.83 at current prices — a gain of $1,243.85, or 40.93%.

Liberty Tax, a subsidiary of NextPoint Financial Inc. NACQF, offers both in-person and online tax preparation services, focusing on delivering tailored tax solutions.

NextPoint closed Monday, April 11, 2022 at $3.05.

A $3,039 investment at $3.05 would’ve yielded an investor 996.4 shares, and would be worth $946.58 at current prices — a loss of $2,092.42, or 68.95%.

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