Exhibit 12
H&R BLOCK
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
	2014		2013		2012		2011		2010
Pretax income from continuing operations	$	767,116	$	702,011	$	576,070	$	627,703	$	723,414
Add: Fixed charges	125,162		146,954		164,848		169,140		170,528
Total earnings before income taxes and fixed charges	$	892,278	$	848,965	$	740,918	$	796,843	$	893,942
Fixed charges:
Interest expense	$	55,279	$	74,297	$	85,354	$	85,695	$	79,656
Interest on deposits	2,109		5,660		6,735		8,488		10,174
Interest portion of net rent expense (a)	67,774		66,997		72,759		74,957		80,698
Total fixed charges	$	125,162	$	146,954	$	164,848	$	169,140	$	170,528
Ratio of earnings to fixed charges
Including interest on deposits	7.1		5.8		4.5		4.7		5.2
Excluding interest on deposits	7.2		6.0		4.6		4.9		5.5

(a) One-third of net rent expense is the portion deemed representative of the interest factor.

Note: In computing the ratio of earnings to fixed charges: (a) earnings have been based on income from continuing operations before income taxes and fixed charges (exclusive of interest capitalized) and (b) fixed charges consist of interest expense and the estimated interest portion of rents. Interest expense on uncertain tax positions has been excluded from fixed charges, as it is included as a component of income taxes in the consolidated financial statements.