UWGP and KeyBank Offer Free Tax Preparation Services on Super Refund Saturday
February 4, 2019
United Way of Greater Portland and KeyBank Offer Free Tax Preparation Services on Super Refund Saturday, February 9
On Saturday, February 9, 2019, United Way of Greater Portland’s CA$H initiative and KeyBank will partner to host the annual Super Refund Saturday event. KeyBank employees will work alongside volunteers from other 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).
Super Refund Saturday will be held on February 9 from 9:00 a.m. to 3:00 p.m. at Goodwill offices at 75 Washington Avenue, Portland. Residents wishing to receiving tax filing assistance must pre-register for an appointment by calling 207-289-7013 or by sending an email request to CASH@goodwillnne.org.
“Super Refund Saturday is just one way we help our communities thrive,” said Brigitte Ritchie, KeyBank’s Corporate Responsibility Officer for Maine and Vermont. “Our employees have been long-time participants in this annual event to support our Portland neighbors.”
The Earned Income Tax Credit is a benefit for working people with low to moderate income. To qualify, workers and families must meet certain requirements and file a tax return, even if they do not owe any tax or are not required to file. EITC reduces the amount of tax owed and may provide a refund. (Source: IRS) Nationwide during 2018, 25 million eligible workers and families received about $63 billion in EITC. (Source: IRS)
“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,” said Dan Coyne, Senior Vice President, United Way of Greater Portland. “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.”
According to the IRS, to qualify for the EITC earned income must be less than:
$49,194 ($54,884 if married filing jointly) with three or more qualifying children
$45,802 ($51,492 if married filing jointly) with two or more qualifying children
$40,320 ($46,010 if married filing jointly) with one or more qualifying child
$15,270 ($20,950 if married filing jointly) with no qualifying children
According to the IRS the maximum Earned Income Tax Credit a tax filer can receive is:
$6,431 with three or more qualifying children
$5,716 with two qualifying children
$3,461 with one qualifying child
$519 with no qualifying children
Eligible income tax return filers attending the event are encouraged to pre-register and should bring these documents with them:
- 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 2018, KeyBank volunteers across the country helped prepare 560 filings nationally, which resulted in a total of $1.2 million in refunds; more than half coming from EITC filings. This year, KeyBank will partner with community organizations in 12 metro areas to hold Super Refund Saturday events on February 2: Akron, OH; Ann Arbor, MI; Cleveland, OH; Columbus, OH: Dayton, OH; Denver, CO; Hartford, CT; Indianapolis, IN; New Haven, CT; Portland, ME; Seattle, WA; and, Tacoma, WA. Additionally, KeyBank will provide tax preparation support in Buffalo, NY on February 9 and throughout the tax season in partnership with a local organization.
About United Way of Greater Portland/CA$H:
CA$H (Creating Assets, Savings and Hope), an initiative of United Way of Greater Portland, is a partnership with Goodwill Northern New England and the Greater Portland CA$H Coalition. Coalition members work together to offer free tax preparation and asset building events, and provide education about community resources that can help people increase their financial literacy, reduce debt, and build savings.
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 $139.6 billion at December 31, 2018. 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 over 1,100 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 KeyBank Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.