H&R Block Enlists IBM Watson to Find Tax Deductions

By Angela Moscaritolo Features PCmag

H&R Block has a new accountant on its team for tax season: IBM's Watson.

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H&R Block tax pros will be using Watson this season to identify credits and deductions clients may have otherwise missed.

"Our clients will benefit from an enhanced experience and our tax pros will have the latest technology to help them ensure every deduction and credit is found," H&R Block President and CEO Bill Cobb said in a statement. "This partnership with Watson means we can leverage the best technology available to help our clients get their taxes won."

Watson has already been used in health care, retail, and education, but this is the first time it will be applied to tax preparation. In a news release, the companies said the federal tax code has more than 74,000 pages and "thousands of yearly tax changes," all of which impact how much people get back.

H&R Block and IBM development teams trained Watson to understand the tax code so it can help during the return filing process. The new Watson-powered experience will be available at H&R Block retail locations beginning Sunday, Feb. 5.

"As Watson learns more about navigating the tax code from H&R Block tax professionals, those learnings will stay with H&R Block and improve the value it delivers to tax filers," the companies said.

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This article originally appeared on PCMag.com.