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 »  Articles  »  News  »  Online Tax Filing Up
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Online Tax Filing Up
By Credit Federal | Published 03/22/2006

Online Tax Filing Up

It appears that online tax filing is rapidly becoming a preferred choice for many tax payers.

Calculate withholding and tax online with our free tax calculator. Ready for internet filing? Use our recommended free irs tax preparation and filing.


H&R Block Inc. reported tax season results for the interim period from Jan. 1 through Feb. 28, 2006, which reflected a decline in January 2006, versus January 2005.

H&R Block experienced a modest gain for February 2006 as compared to February 2005.

According to H&R Block, tax preparation and related fees increased 2.0 percent from the same period of 2005 to $1.5 billion, while the average fee per client served in the current year period rose 6.2 percent to $153.20.

Total clients served (for both the company?s retail operations and digital tax solutions business) was 12.1 million, which was a decline of 108,000 (0.9%), from the prior year period.  Strong second half of February growth in digital clients offset the company?s January weak start to the filing season.

According to Mark A. Ernst, chairman and chief executive officer, "After a disappointing January, we are meeting our expectations, with February results comparable to those in the prior year in our retail offices and digital tax solutions posting strong double-digit gains. Though do-it-yourself taxpayers are turning to digital solutions, principally online, we don?t see this as a shift from traditional paid professionals."

Visit Credit Federal for free online tax return filing for a rapid refund and/or a refund loan.

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