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BlockDo-it-yourselfers provided the fuel as H&R Block reported a 3.4-percent rise over the tax season a year ago for returns filed through February 28. The company said recently the total for assisted returns was up .7 percent while the DIY total rose by 8.2 percent.

The company did not release return totals. However, it said the increase in the assisted business stemmed from early-season promotions, including Block’s Refund Advance no-interest loan and Free Federal 1040EZ offer.

DIY growth reflected continued product improvements, enhanced partnerships, and the H&R Block More Zero program.

Block reported those totals as it issued financial results for the third quarter ended January 31. The tax services company lost $243 million in the most recently ended period, compared to $101 million in red ink a year earlier. Revenue grew 8 percent to $488 million from $452 million in last year’s corresponding period

Last modified on Monday, 12 March 2018
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