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KeyBank and CHN Help Max Tax Refunds; Free Tax Prep Puts Cash Back in Clevelanders' Pockets Fast

KeyBank and CHN Help Max Tax Refunds; Free Tax Prep Puts Cash Back in Clevelanders' Pockets Fast

Published 01-31-06

Submitted by KeyBank

CLEVELAND - KeyBank and the Cleveland Housing Network will hold a FREE tax preparation day on Saturday, February 4 for people whose single households earned $35,263 or less in 2005. The Super Refund Saturday event will be held from 9:00 a.m. to 3:00 p.m. at the Cleveland Housing Network's Community Training Center at 4008 St. Clair Avenue. The event will allow for more than 150 area residents to electronically file their tax return without incurring additional costs or fees often associated with some traditional tax preparation services.

"Many taxpayers are unaware of the earned income tax credit (EITC). Last year there were nearly 25,000 Clevelanders eligible for the EITC who did not apply. But, it goes beyond just awareness," says Cleveland District President Elizabeth Oliver.

"People need a trusted resource to help them file their return and understand how to make the most of their refund. Super Refund Saturday not only ensures people will get their full refund amount, it bridges people to important information on how to save and invest their refund money, reduce their debt and even what to consider when buying a home."

Super Refund Saturday is a far-reaching community effort coordinated by the Cuyahoga County Earned Income Tax Credit (EITC) Coalition. The coalition joins together agencies such as OneCleveland, the nonprofit provider of community-based ultra broadband services, and NorTech, a regional leader in shaping Northeast Ohio's technology and innovation economy to facilitate more efficient electronic filing for this year's EITC program.

"By joining forces with the Cleveland Housing Network and utilizing the support from other community partners, we are uniting forces to help people and communities build wealth and achieve economic self-sufficiency," says Oliver. "In fact, from this event, we expect more than $300,000 to be directly refunded to participants. Money that impacts their lives and our local economy."

Super Refund Saturday is entirely a volunteer effort that includes forty IRS Tax Law Certified student volunteers from the Case Western Reserve University MBA program and Law School preparing tax forms. Volunteers from KeyBank, Cleveland Housing Network and local nonprofit agencies will also be on hand to address questions and provide information on saving and investing, home buying, and reducing debt.

To qualify for free tax preparation, residents must bring the following items to the event:

  • W-2 forms
  • 1099 Forms (interest, earnings as an independent contractor)
  • Unemployment form
  • Proof of child care payments
  • Social Security cards for each dependent
  • Other IRS forms as appropriate
  • Last year's tax return

    Residents may qualify for the earned income tax credit if they:

  • Earned less than $35,263 and have more than one qualifying child ($37,263, if married filing jointly);
  • Earned less than $31,030 and have one qualifying child ($33, 030, if married filing jointly);
  • Earned less than $11,750 and have no qualifying child ($13,750 if married filing jointly).

    Residents may set up an appointment, 216.881.8443 x. 1. Walk-ins are also encouraged and welcomed. Free initial assessments will be provided for residents who are uncertain if they qualify.

    Cleveland Housing Network
    For over 25 years, Cleveland Housing Network has generated more than $364 million in capital investments in Cleveland neighborhoods, developing 3,600 homes and delivering energy conservation/home repair services to 65,000 households across Northeast Ohio. This organization currently produces about 300 homes annually and provides weatherization and home repair services to more than 5,000 households each year. Over the past two decades, Cleveland Housing Network has built highly effective and ongoing programs and funding partnerships with a host of individuals and organizations throughout the community. This well-established network of 23 member community development corporations, government agencies and officials, banks, corporations, foundations and academic and religious institutions helps sustain the organization and maximize its benefit to the greater Cleveland region.

    About KeyCorp
    Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

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    Note to Editors: For up-to-date company information, media contacts and facts and figures about Key's lines of business, visit our Media Newsroom at Key.com/newsroom.

  • KeyBank logo

    KeyBank

    KeyBank

    KeyCorp's 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 $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 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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