H&R Block's TaxCut(R) Software Rated #1 by Wall Street Journal, New York Times, PC Magazine and Other Major Reviewers

Feb 19, 2003
KANSAS CITY, Mo., Feb 19, 2003 /PRNewswire-FirstCall via COMTEX/ --

Reviews Cite Tax Advice, Ease-of-Use and Low Price

TaxCut(R) software from H&R Block (NYSE: HRB) this year has been overwhelmingly chosen as the best choice in tax software by the nation's top software reviewers in national publications, including The Wall Street Journal, The New York Times, Barron's, PC Magazine and PC World.

The February issue of PC Magazine gives TaxCut four out of a possible five-star rating, noting that "TaxCut is better than ever," and praising TaxCut's ability to connect users with H&R Block tax expertise. PC World gave TaxCut Platinum four-and-a-half stars out of a possible five-star rating.

The Wall Street Journal review also singled out TaxCut's ability to connect the user with an H&R Block tax professional via its Ask-A-Tax Advisor feature. "TaxCut did better," technology columnist Walter S. Mossberg wrote in his Jan. 30 article. "The TaxCut expert e-mailed me back within an hour with a good answer ... I emphatically recommend H&R Block's TaxCut over Intuit's TurboTax."

C/net News gave TaxCut Deluxe the nod: "We like the way that TaxCut gets the job done with the least fuss for the smallest amount of cash."

In addition, many of the articles praise TaxCut Platinum's new family license that enables users to legally share the software with family members, subject to certain conditions. This feature is especially popular because of competitor TurboTax's new product activation requirement, which limits printing and e-filing of tax returns to one computer.

"Another big advantage of (TaxCut Platinum) is what Block calls family licensing," The New York Times said in its February 16 issue. "That means the software can be loaded onto several computers, which is useful if you want to work on it at home, on your laptop and at the office, or if family members want to share it."

"We listened to our customers and knew that they would appreciate the kind of flexibility that family edition licensing provides," said Chrys Sullivan, H&R Block's director of software products. "We welcome former TurboTax users and are confident they'll appreciate the features and capabilities of TaxCut, including the ability to seamlessly import their data from last year's TurboTax program."

TaxCut has earned #1 ratings in the following media: Wall Street Journal, New York Times, Christian Science Monitor, Barron's, PC Magazine, PC World, C/net News, Chicago Sun-Times, Seattle Times, Asbury Park Press, Hartford Courant, Kansas City Star, Indianapolis Star, St. Paul Pioneer Press, InternetNews.com, CNN Daybreak and CNN Headline News.

    More information is available at www.taxcut.com .

    TurboTax is a registered trademark of Intuit, Inc.
About H&R Block

H&R Block Inc. ( http://www.hrblock.com ) is a diversified company with subsidiaries that deliver tax services and financial advice, investment and mortgage products and services, and business accounting and consulting services. The world's largest tax preparation company, H&R Block in fiscal year 2002 served nearly 21 million clients in approximately 10,400 retail offices worldwide and with award-winning TaxCut(R) software and online services. It is the only major tax preparation and financial services company that focuses primarily on helping middle-income Americans achieve their financial objectives. Investment services and securities products are offered through H&R Block Financial Advisors Inc., member NYSE, SIPC. H&R Block Inc is not a registered broker-dealer. H&R Block Mortgage Corp. offers retail mortgage products. Option One Mortgage Corp offers wholesale mortgage products and a range of mortgage services. RSM McGladrey Inc. serves mid- sized businesses with accounting, tax and consulting services. Additional information is available on the company's Web site at www.hrblock.com .

SOURCE H&R Block Inc.

CONTACT:          Tom Linafelt of H&R Block, +1-816-932-8418,
                  tlinafelt@hrblock.com , or Natalie Lutz of Boasberg-Wheeler Communications for
                  H&R Block, +1-816-960-3106, nlutz@bwcom.com 

URL:              http://www.taxcut.com
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