KeyBank Offering Free Federal Tax Return Prep in 13 Metro Areas

       KeyBank Offering Free Federal Tax Return Prep in 13 Metro Areas

Earned Income Tax Credit Access during Annual Super Refund Saturday Event

PR Newswire

CLEVELAND, Feb. 1, 2013

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The EITC, which was originally enacted in 1975, is now one of the largest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:

  o$45,060 ($50,270 married filing jointly) with three or more qualifying
    children
  o$41,952 ($47,162 married filing jointly) with two qualifying children
  o$36,920 ($42,130 married filing jointly) with one qualifying child
  o$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:

  o$5,891 with three or more qualifying children
  o$5,236 with two qualifying children
  o$3,169 with one qualifying child
  o$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:

  oValid photo ID
  oSocial Security card for themselves and each dependent
  oW-2 Forms (reporting full-time wages)
  oPrevious year's tax return
  o1099 Forms (reporting part-time work and interest income), if applicable
  oUnemployment forms, if applicable
  oProof of childcare payments
  oOther IRS forms, as appropriate
  oBank 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

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