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A 10.6-percent rise in do-it-yourself online filings led H&R Block to a 3.3 percent in tax returns prepared for the 2019 tax year. Block this week said it prepared 21.2 million returns for the year through July 17.

CEO Jeff Jones said it was the fourth consecutive year the dis business has grown.

Assisted filings dropped again to 11.5 million, falling 2.8 percent from the season ended July 17, 2019. That compares to a recent report from Liberty Tax that its overall returns were down 11.5 percent.

Block noted that state and local orders related to the COVID-19 limited its ability to operate its stores. The company noted, “there are elements of the industry data, such as paper filings and returns related to economic stimulus payments, that continue to shift week to week making it difficult to draw relevant comparisons.”

It said it will provide additional analysis during its fiscal 2012 first-quarter earnings call in September.

Last modified on Tuesday, 04 August 2020
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