H&R Block (HRB) is offering two notable changes to its tax preparation software. One new feature allows users to prepare their tax return on a mobile device with a browser, or a smartphone, said Eric Roebuck, H&R Block's digital products manager.
A second new feature is called Refund Reveal. It's designed to help taxpayers understand what's affecting their return. In the past, the software would simply calculate the amount of the refund, or amount owed, without explaining why. Now, the software will reveal why the tax return changed from the previous year. For example, it may note that the amount changed due to a child tax credit, or because too much money was taken out in taxes throughout the year.
H&R Block also has a new promotion called Refund Bonus. Users can apply their refund to a gift card and the tax preparation company will match 10% of the amount on the card for those customers using its Deluxe or Premium products. For those customers using its other products, it will match 5 percent on the card.
H&R Block carries four products: Free; Basic, $19.99; Deluxe, $29.99; and Premium $49.99.