H&R Block has been a pioneer in creating a unique product, the Express IRA, which has provided the opportunity for hundreds of thousands of Americans to start a pattern of savings. Out of all the Express IRA accounts opened between 2001 and 2005, 78% have experienced positive net tax savings benefits and interest earnings. This is a positive and powerful statement of achievement. Further, this effort has not created windfall profits for H&R Block---indeed the company has lost money operating this program.
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