KeyBank Offering Free Federal Tax Return Prep in 13 Metro Areas

Fri Feb 1, 2013 8:30am EST

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Earned Income Tax Credit Access during Annual Super Refund Saturday Event
CLEVELAND,  Feb. 1, 2013  /PRNewswire/ -- KeyBank (NYSE: KEY) is partnering with
nonprofit organizations in 13 metropolitan areas across  the United States  to
offer its eighth annual Super Refund Saturday service, in  Cleveland  on 
February 2  and in other cities on  February 9. Super Refund Saturday is a
one-day event during which KeyBank employees provide free federal income tax
preparation to low- and moderate-income wage earners and help them identify
their eligibility for the Earned Income Tax Credit (EITC).

(Photo:  http://photos.prnewswire.com/prnh/20130201/CL52316)

"Filing an income tax return can be confusing for some taxpayers and expensive
for those who want it done by a professional," says  Bruce Murphy, KeyBank's
executive vice president of Corporate Responsibility. "Super Refund Saturday is
our way of giving professional help to those who can benefit most from a refund.
Help is especially needed with the EITC because many people don't know they're
eligible for it and don't claim it."

Super Refund Saturday will be held in  Cleveland  on  February 2, and in the
following 12 metropolitan areas on  February 9:  Albany, NY;  Akron, OH; 
Buffalo, NY;  Dayton, OH;  Denver, CO;  Indianapolis, IN;  Portland, ME; 
Portland, OR;  Seattle, WA;  Syracuse, NY;  Tacoma, WA; and  Toledo, OH. To
learn specific locations and times, participants can call 1-800-KEY2YOU.   

The EITC, which was originally enacted in 1975, is now one of the largest
anti-poverty tools in  the United States. It is a refundable credit for low- to
moderate- income individuals and families who work and have qualifying children.
Qualifying children must be under 18 years of age (unless in college or
disabled) and must be related by blood, marriage or official decree, such as
adoption. They must also live with the taxpayer claiming the EITC within the
U.S. for at least half the year. Receiving the EITC helps families in need
reduce their financial burden; however, taxpayers must file an income tax return
to receive it, even if they don't earn enough to pay taxes.  

To qualify for the EITC, earned income must be less than:

* $45,060  ($50,270  married filing jointly) with three or more qualifying
children  
* $41,952  ($47,162  married filing jointly) with two qualifying children  
* $36,920  ($42,130  married filing jointly) with one qualifying child  
* $13,980  ($19,190  married filing jointly) with no qualifying children

The Tax Year 2012 maximum Earned Income Tax Credit correlates with the above
parameters:

* $5,891  with three or more qualifying children  
* $5,236  with two qualifying children  
* $3,169  with one qualifying child  
* $475  with no qualifying children

For information about the EITC, visit the IRS's website at 
http://1.usa.gov/XaL2lO.

To take advantage of 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

"Super Refund Saturday is a service that we take pride in offering," says
Murphy. "We have a commitment to our communities, and it's very satisfying to
see consumers who typically wouldn't have access to this level of information
benefit from the outreach."

About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in 
Cleveland, Ohio. One of the nation's largest bank-based financial services
companies, Key had assets of approximately  $89.2 billion  on  December 31,
2012. Key provides deposit, lending, cash management and investment services to
individuals and small and mid-sized businesses in 14 states under the name
KeyBank National Association. 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.

SOURCE  KeyCorp


Marylee Gotch, +1-216-471-2880, Marylee_A_Gotch@keybank.com; KEY MEDIA NEWSROOM:
www.key.com/newsroom

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