exv12

EXHIBIT 12

H&R BLOCK
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)


	2011		2010		2009		2008		2007
Pretax income from continuing operations	$	677,025	$	784,135	$	839,370	$	735,071	$	627,261

FIXED CHARGES:
Interest expense		86,947		80,395		89,959		64,509		91,134
Interest on deposits		8,488		10,174		14,069		42,878		32,128
Interest portion of net rent expense (a)		90,692		96,541		102,685		99,871		94,978

Total fixed charges		186,127		187,110		206,713		207,258		218,240

Earnings before income taxes and fixed charges	$	863,152	$	971,245	$	1,046,083	$	942,329	$	845,501

Ratio of earnings to fixed charges
Including interest on deposits		4.6		5.2		5.1		4.5		3.9
Excluding interest on deposits		4.8		5.4		5.4		5.7		4.5


(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.