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H&R Block Easy IRA FAQs

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If your objective is to: Consider a:
Savings
Account		 Traditional
IRA		 Roth
IRA
Start an emergency fund    
Safely put away a sum of money while you decide how to use it    
Save for an appliance, a vacation or other short-term goals    
Save for future medical expenses
Save for a first home or college education¹
Save for retirement
Get an immediate tax deduction    
Potentially increase your tax refund  
Tax advantage of the Saver's Credit if you qualify (depending on your income)  
Earn tax-deferred interest    
Earn tax-free interest    
Make tax-free withdrawals  
Avoid penalties on early withdrawals at retirement  
Avoid penalties on early withdrawals for any purpose  
Continue saving past age 70½ without taking mandatory distributions  
¹You are considered a "first-time homebuyer" if neither you nor your spouse has owned a home within the last 2 years.
What are the fees associated with my H&R Block Easy IRA?
The following are the fees associated with your H&R Block Easy IRA account and are subject to change.

Account Opening $0
Minimum Initial Investment $300
Recontribution $0
Account Termination $25
Annual Account Maintenance $0
Returned Check/ACH $20
Statement Duplicate Copy $3
Wire Transfer Out $15
Withdrawal By Mail $0
Priority Check Disbursement $25
Transfer Funds to Another
    Financial Institution $25
How is my money invested?
The H&R Block Bank invests your money in an FDIC insured money market account.
How do I make an additional contribution to my H&R Block Easy IRA?
There are several ways to make additional contributions to your account:

  • You can make a 1-time deposit by check to your H&R Block Easy IRA. Fill out the Deposit Form and then mail the form with a check. Please include your account number (and the contribution year for H&R Block Easy IRA deposits) on your check, and mail to:

    H&R Block
    P.O. Box 30227
    Omaha, NE 68103-0227


  • You can set up automatic deposits into your H&R Block Easy IRA account. A specific amount is withdrawn from your checking account on a monthly basis and contributed to your H&R Block Easy IRA. Complete a Direct Deposit form, attach a voided check and mail to:

    H&R Block
    P.O. Box 2569
    Omaha, NE 68103-0227


  • You can make a contribution to your H&R Block Easy IRA account when you get your taxes prepared with H&R Block next year. Use your refund, check, one-time debit or set up monthly automatic debits from your checking account at that time as well.

Transfer or Roll Over Funds
  • You can transfer funds from an existing financial services account. To make sure you have the correct form please contact a customer service agent at 1-800-HRBLOCK and select the Savings Products option.

  • You can make a "rollover contribution" to your H&R Block Easy IRA. Rollovers are generally tax-free distributions if done within 60 days from one retirement plan into another retirement plan. Please fill out the Rollover form and mail it to:

    H&R Block
    P.O. Box 2569
    Omaha, NE 68103-0227
How do I set up monthly automatic deposits to my H&R Block Easy IRA?
You can set up automatic deposits into your H&R Block Easy IRA account. A specific amount is withdrawn from your checking account on a monthly basis and contributed to your H&R Block Easy IRA. Complete a Direct Deposit form, attach a voided check and mail to:

H&R Block
P.O. Box 2569
Omaha, NE 68103-0227
How frequently will I receive an H&R Block Easy IRA statement?
You will only receive 1 yearly statement, which arrives in January and covers the previous year's activity.
What should I do if I think my statement is wrong or if I need more information about a withdrawal listed on my statement?
Please call 1-800-HRBLOCK and select the Savings Products option or write us at:

H&R Block
P.O. Box 2569
Omaha, NE 68103-0227
Are there any fees if I withdraw the funds from my H&R Block Easy IRA and close it?
 There will be a $25 fee applied against your account when you close your account. There are no fees for withdrawals. However, you may be subject to tax or a 10% penalty from the IRS for early withdrawals.
Can I access my H&R Block Easy IRA online?
 Yes, you can set up access to review your account online. Please call 1-800-HRBLOCK and select the Savings Products option.
Who can I call if I have additional questions about my H&R Block Easy IRA account?
 Please call a customer service agent at 1-800-HRBLOCK and select the Savings Products option.
How do I change the address on my account?
 If you move and need to change or update the address on your H&R Block Easy IRA account, complete and submit a Change of Address form. The following fields must be completed: account number, entire address printed clearly, signature, date. Once completed, either fax to 1-866-812-3144 or mail to:

H&R Block
P.O. Box 2569
Omaha, NE 68103-0227
I took a tax deduction on my return for an H&R Block Easy IRA contribution that I intended to make, but I did not make it before the deadline. What do I need to do?
 Please contact your tax professional as you will need to file an amended return. If you have additional questions please call a customer service agent at 1-800-HRBLOCK and select the Savings Products option.
Can I open an H&R Block Easy IRA if I don't get my taxes done with H&R Block?
 No, this product is exclusively for H&R Block tax customers. If you would like to take advantage of the H&R Block Easy IRA product features you can visit a tax professional who can help you file your tax return, or you can do your taxes with our TaxCut online or software programs.
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