Press Release Details

Now, Preparing Your Taxes on the Internet Couldn't Be Easier

KANSAS CITY, Mo.--(BUSINESS WIRE)--Dec. 13, 2006--For taxpayers who prefer ".com" to "CD-ROM" and "online" to "next in line," the newly redesigned TaxCut Online programs for tax year 2006 makes it even easier for taxpayers to get a jump on their tax preparation and year-end tax planning by launching more than 30 days earlier than last year.

"Every year, millions of taxpayers look to the do-it-yourself option of preparing taxes online," said Derek Swords, director of TaxCut products and programs at H&R Block Digital Tax Services. "We've updated the TaxCut Online programs for tax year 2006 to save customers time, money and even headaches, while offering them the advantage of working with the experienced tax professionals at H&R Block should they need additional guidance."

Redesigned With Simplicity in Mind

This year all TaxCut Online programs automatically tailor the tax interview to the customer based on his or her tax situation. For example, a 1040EZ customer using TaxCut Basic + E-file will notice an extremely streamlined experience compared to years past, while a Schedule C filer and investor will receive extra guidance using TaxCut Premium + E-File to help get the maximum tax advantage.

TaxCut Basic + E-File is targeted at those customers who take the standard deduction while TaxCut Premium + E-File is designed for those with more complex returns who may need extra guidance to maximize their deductions. And, being offered for the first time this year as a bundle, TaxCut Premium + State + E-File gives customers the best overall price value. Customers simply select one of three online program options that best suit their individual tax needs (all prices include e-filing):

• TaxCut Basic + E-File (simple, low-cost tax preparation -- $9.95)
• TaxCut Premium + E-File (includes extra guidance to save money on taxes -- $19.95)
• TaxCut Premium + State + E-File (includes the premium program, plus one state program -- $39.95)
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For the taxpayer in a time crunch, it's hard to beat the new TaxCut Online programs for convenience and ease of use. There's no reason to go to a retail store, park the car, find the software aisle, select the tax preparation program, stand in line to pay for it, drive back home, and install it. The moment that taxpayer arrives at www.taxcut.com, he or she can begin maximizing tax savings. No installations. No CD-ROMs to fiddle with. No worries.

And, because the programs are online-based, a taxpayer can securely access his or her return anywhere with an Internet connection - at home, at work, wherever. Best of all, we've made it even easier to start your return with TaxCut - you don't have to register with a user identification or password until you want to save your data.

Backed by Block

No name says "tax preparation" like H&R Block. From the first mouse click to the last, TaxCut Online programs are backed by the experienced tax professionals at H&R Block.

Again this year, paid TaxCut Online clients who successfully e-file can rest easy knowing one of H&R Block's tax professionals is ready to help at no additional charge, in the event of an audit. From outlining what to expect and providing guidance on how to prepare for the audit, to having a Block enrolled agent(a) represent the TaxCut Online client before the IRS, H&R Block can help manage the process 365 days a year, not just at tax time. No one else in the industry offers audit protection like H&R Block.

TaxCut Premium + E-File programs also offer Ask a Tax Advisor at no additional charge. This service provides on-demand tax advice from an H&R Block tax professional either by e-mail or telephone.

"This is a new year at H&R Block," said Swords. "By redesigning TaxCut Online and re-imagining what the self-prep tax experience should feel like to each and every customer, we've empowered customers to prepare their taxes easily, maximize deductions, while also protecting against the stresses of an audit."

    (a) Enrolled agents do not provide legal representation.

    About H&R Block Digital Tax Solutions

H&R Block Digital Tax Solutions (NYSE:HRB) develops and publishes consumer financial and personal productivity software and online programs for the leader in tax preparation and services. Titles include the H&R Block TaxCut family of software products -- TaxCut Premium, Premium + State and Premium + State + E-File and TaxCut Home & Business -- as well as TaxCut Online tax preparation programs -- TaxCut Basic, TaxCut Premium and TaxCut Premium + State. In addition, H&R Block Digital Tax Solutions include H&R Block Signature and H&R Block Online Office. All TaxCut and H&R Block digital products and programs can be found at taxcut.com and hrblock.com.

CONTACT: H&R Block
Denise Sposato, 816-854-4547
dsposato@hrblock.com

SOURCE: H&R Block