Getting your player ready...
NEW YORK — New York Attorney General Andrew Cuomo said Monday that H&R Block will refund up to $19.4 million in fees to customers as part of a settlement that resolves a lawsuit over its Express IRA product.
In a statement, Cuomo said the tax preparation services company will refund between $11.4 million and $19.4 million in fees to customers nationwide depending on the number of claims.
H&R Block also has agreed to pay $750,000 in fines, fees and costs to resolve the attorney general’s lawsuit, Cuomo said.
The company will convert all existing Express IRA accounts into a successor IRA program that doesn’t charge fees, Cuomo said.
