"Microsoft and H&R Block Partner to Utilize AI for Tax Filing Assistance"
Microsoft and H&R Block have partnered to launch AI Tax Assist, a generative AI tool powered by Microsoft's Azure OpenAI Service, to simplify the tax filing process for individuals, self-employed, and small business owners. The tool leverages data from H&R Block's Tax Institute and over 60,000 tax professionals to provide guidance on tax forms, deductions, credits, and policy changes. Microsoft's Eric Boyd highlighted the exclusive partnership with H&R Block as part of its AI 100 initiative, emphasizing the use of AI to assist users in preparing and filing their tax returns. The companies ensure data privacy and transparency, with H&R Block continuing to offer its accuracy guarantee through AI Tax Assist.
