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KeyBank/Super Refund Saturday Feb. 5 in Tacoma
on 1/26/2011 @ 10:57am
|When Scheneitha Franks came to last year’s Super Refund Saturday event, she ended up leaving with more than she expected: Nearly $5,400 in a tax refund using the Earned Income Tax Credit (EITC).
“I felt like I was a lottery winner,” said Franks, 30, who works as an office manager at Camelot Court Adult Family Home in Tacoma, a residential care facility. “This was my freedom from living check to check.”
This year’s Super Refund Saturday, providing free tax preparation for qualified taxpayers, including eligibility for a tax refund through EITC, will take place Feb. 5 at Tacoma Goodwill’s Milgard Work Opportunity Center, 714 S. 27th St., from 9 a.m.-3 p.m. For information or to make an appointment, contact Kim Houg, event site manager, 253.573.6698 or email firstname.lastname@example.org. Child care is available for children 2-8 years of age.
“The EITC could be the financial boost a family needs to live above the poverty line,” said Terry A. Hayes, president & CEO of Tacoma Goodwill. “Goodwill wants workers with low and moderate incomes to claim the tax credits for which they qualify to increase their financial security, strengthen their families and invest back into their communities.”
Among the items participants are asked to bring include identification, wage and earning statements/W-2, a copy of last year’s federal and state returns if available. The Earned Income Tax Credit is available for people who make less than $43,352 a year ($48,362 if married filing jointly) to claim tax refunds up to $5,657. The Center on Budget and Policy Priorities estimates nearly 25 percent of eligible workers don’t claim the EITC each year because they lack awareness about the program. The IRS has marked Jan. 28 as “EITC Awareness Day” highlighting the opportunity for many workers to take advantage of the tax credit.
“Super Refund Saturday helps local communities like Tacoma thrive,” said Mike Fait, vice president and Community Reinvestment Act manager for Washington. “Working together, KeyBank, Tacoma Goodwill and the Pierce County Asset Building Coalition are committed to helping return Earned Income Tax Credit refunds to hardworking individuals who may have a difficult time making ends meet.”
Last year, the Super Refund Saturday event at Tacoma Goodwill served nearly 50 people with total refunds of $102,618. The EITC credits alone totaled nearly $50,000. For the tax season, nearly 230 people were served with refunds totaling more than $250,000. Nationwide, Goodwill’s VITA sites prepared more than 21,000 tax returned and helped families secure more than $33 million in tax refunds during the 2010 tax season.
For Franks, the refund made a big difference. She said she normally received about $1,800 for a return but last year she was able to pay bills, get bed sets for her children and added to her savings and checking account. She said the hourlong process was easy.
“It was a friendly environment,” Franks said. “Everyone was happy to help – I’m certainly coming back.”
Free VITA tax preparation service will be available at Goodwill Tuesdays and Thursdays, Jan. 18-April 15, from noon to 6 p.m. at the Milgard Center. Super Refund Saturday is co-sponsored by Goodwill and KeyBank with support from the Pierce County Asset Building Coalition and Tacoma Housing Authority.
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About Tacoma Goodwill
Goodwill is a unique nonprofit business. It turns donations and business revenue into programs that change lives by helping people with disabilities or disadvantages go to work. This year, Tacoma Goodwill Industries will help 9,500 people with education, job training and placement so they can become independent self-supporting citizens. Of these, more than 1,000 people with barriers to employment will be placed in jobs in the community. Job-training services are funded through financial gifts, grants, fees, commercial services and the operation of 26 thrift stores throughout Western and Southcentral Washington. Please visit our Web site at www.tacomagoodwill.org.
Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of $95 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. The company’s businesses deliver their products and services through 1,007 branches and additional offices; a network of 1,495 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, www.key.com/ that provides account access and financial products 24 hours a day.
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