H&R Block sees growth potential via Obamacare

Kansas City-based tax preparers H&R Block (NYSE: HRB) expects more customers to feel the impact of the Affordable Care Act – aka Obamacare – when they file their taxes this year, creating a source of growth for the business.

Last year, H&R Block invested in marketing and training its tax preparers to deal with the increasing questions consumers would have from the federal health reform act’s impact on taxes.

Now, the company is looking to reap the benefits of that investment.

The ACA will expand its impact in the upcoming tax season as more people buy health insurance through its exchanges, as penalties for lack of coverage become pronounced and as the IRS steps up enforcement, H&R Block officials told The Kansas City Star.

Read more from The Kansas City Star.