KeyBank Offers Free Tax Preparation Services at Nine Super Refund Saturday Events on February 3

CLEVELAND, Jan. 30, 2018 /PRNewswire/ -- KeyBank will host its annual Super Refund Saturday event on February 3, 2018, partnering with organizations in nine communities to provide free tax season and post-tax season support.

For 13 years on Super Refund Saturday, KeyBank employees have worked alongside volunteers from community organizations to provide free tax preparation services to those who need it most, helping low- to moderate-income individuals and families determine their eligibility for the Earned Income Tax Credit (EITC). Along with the nine Super Refund Saturday events, KeyBank will provide tax preparation support for tax season in partnership with local organizations in an additional 13 communities.

Each year, thousands of qualifying Americans do not claim the EITC on their federal income tax returns, meaning billions of dollars in much-needed refunds goes unclaimed. Super Refund Saturday is a cost-effective way for tax filers to navigate the potentially confusing tax preparation process and ensure they are getting their full return.

"At KeyBank, our purpose is to help clients and communities thrive," said Bruce Murphy, KeyCorp's Head of Corporate Responsibility. "KeyBank does that through a long-standing commitment to the neighborhoods where we live and work. Super Refund Saturday is one important way we help our neighbors thrive year-in and year-out. This year, we're pleased to announce that we're bringing this program to 22 of the communities we serve."

The EITC is a refundable tax credit for low- to moderate-income individuals and families with eligible children who do not earn enough to file a tax return. Started in 1975, it has become one of the top anti-poverty programs. Nationwide during 2017, more than 25.8 million eligible workers and families received about $63.8 billion in EITC (Source: IRS)

According to the IRS, to qualify for the EITC earned income must be less than:

• $48,340 ($53,930 if married filing jointly) with three or more qualifying children
• $45,007 ($50,597 if married filing jointly) with two or more qualifying children
• $39,617 ($45,207 if married filing jointly) with one or more qualifying child
• $15,010 ($20,600 if married filing jointly) with no qualifying children

According to the IRS the maximum Earned Income Tax Credit a tax filer can receive is:

• $6,318 with three or more qualifying children
• $5,616 with two qualifying children
• $3,400 with one qualifying child
• $510 with no qualifying children

If participating in Super Refund Saturday, income tax return filers should bring these documents:

• Valid photo ID
• Social Security card for themselves and each dependent
• W-2 Forms (reporting full-time wages)
• Previous year's tax return
• 1099 Forms (reporting part-time work and interest income), if applicable
• Unemployment forms, if applicable
• Proof of childcare payments
• Other IRS forms, as appropriate
• Bank account information and bank routing number

In 2017, KeyBank assisted with the preparation of 802 filings, which resulted in a total of $1,718,252 in refunds, with more than half coming from EITC filings. This year, KeyBank will partner with community organizations in nine metro areas to hold Super Refund Saturday events on February 3. Below is information on these events, including location and times along with contact information for the local community partner. Note that in some instances, pre-registration is required.

• Akron, OH
• Partner:                      Akron Summit Community Action Agency, Inc.
• Location:                    670 West Exchange Street, Akron Ohio 44302
• Time:                           9 a.m. – 3:00 p.m.
• More Information:     330-572-8277

• Ann Arbor, MI
• Partner:                      United Way of Washtenaw County
• Location:                    2305 Platt Road, Ann Arbor, MI  48104
• Time:                           8:30 a.m. – 5:00 p.m.
• Pre-Registration Required:  734-677-7235

• Cleveland, OH:
• Partner:              Cleveland Housing Network
• Location:            St. Ignatius High School, 1911 W. 30th St., Cleveland, OH 44113     
• Time:                   9:00 a.m.-3:00 p.m.
• Pre-Registration Recommended:  216-436-2000

• Dayton, OH
• Partner:                      City of Dayton
• Location:                    Montgomery County Job Center
                                      1111 S. Edwin C. Moses Boulevard, Dayton OH 45417
• Time:                           9:00 a.m.-3:00 p.m.
• Pre-Registration Recommended:  937-913-2000

• Denver, CO
• Partner:                      Denver Asset Building Coalition
• Location:                    Mile High United Way, 711 Park Ave. West, Denver, CO 80205
• Time:                           8:30 a.m. - 8:30 p.m.
• More Information:     303-388-7030

• Indianapolis, IN
• Partner:                      John H Boner Community Center
• Location:                    2236 E. 10th Street, Indianapolis, IN 46201
• Time:                           9:00 a.m.-3:00 p.m.
• More information:      317-633-8210

• Portland, ME
• Partner:                      United Way/CASH Portland
• Location:                    75 Washington Ave., Portland, ME
• Time:                           9:00 am to 3:00 pm
• Pre-Registration Required:  207-669-0753 or CASH@goodwillnne.org

• Tacoma, WA:
• Partner:                      Goodwill of the Olympics and Rainier Region
• Location:                    714 S 27th Street, Tacoma, WA 98409
• Time:                           9:00 a.m.-3:00 p.m.
• Pre-Registration Recommended:  253-573-6636

• Toledo, OH
• Partner:                 Adelante
• Location:              United Way of Greater Toledo , 424 Jackson St., Toledo, OH 43604
• Time:                     11:00 a.m.-3:00 p.m.
• More information: 419- 244-8440

Additionally, KeyBank will provide tax preparation support throughout tax season in partnership with local organizations in 13 communities: New Haven, CT; Albany, NY; Buffalo, NY; Syracuse, NY; Poughkeepsie, NY; Columbus, OH; Cincinnati, OH; Portland, OR; Pittsburgh, PA; Erie, PA; Doylestown, PA; Burlington, VT; and Seattle, WA.

About KeyBank
KeyCorp's (NYSE: KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $137.7 billion at December 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

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SOURCE KeyBank