Public Benefits and Work Supports
Understanding Resource Limitations
If you receive Supplemental Security Income (SSI), you are likely aware of the resource limit of $2,000 for single individuals and $3,000 for married couples. While this limit significantly hampers the ability of SSI recipients to save money, there are many resources that are not counted as such by the Social Security Administration, most notably, the house you own and the property it’s on. Discover more about what resources are counted by SSA.
Reviewing the GAO Financial Literacy Forum
“Highlights of a Forum: Financial Literacy: The Role of the Workplace” is a report by the Government Accountability Office (GAO) resulting from a forum of leaders and experts convened on March 17, 2015. Among the highlights, participants noted that employers are well positioned to provide financial education and should expand the typical offerings of retirement and benefits planning to include day-to-day budgeting, financial management and the importance of emergency savings. They also identified helpful strategies that can benefit employee morale and productivity, such as automatic enrollment in retirement plans and individualized financial coaching.
Taxes and Tax Preparation
Thankful for the End of Tax Season
We made it to April 18! Thank you for all your hard work this tax season. To date, over 194,000 tax filers used MyFreeTaxes to file their returns this year. The MyFreeTaxes software will continue to be available through October for filers who received extensions. Stay tuned for more information about an end of season MyFreeTaxes webinar. You can contact firstname.lastname@example.org with any questions or to share success stories.
Exploring a Financial Education Clearinghouse
Are you looking for specific tools, resources or ideas to help you start or enhance your financial education program? If so, check out Jump$tart’s Financial Education Clearinghouse. The Clearinghouse is the premier online library of financial education resources for teachers, parents, caregivers and anyone committed to financial education.
Springing Ahead Towards Financial Capability
Amendments to the ABLE Act Introduced in Congress
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