Happy National Financial Capability Month!

From tax refunds and payments to Individual Retirement Account (IRA) contributions and college admission deposits, April is a major month for all things financial. It's also a great month for getting your personal financial house in order.

April is National Financial Capability Month – 30 days dedicated to raising awareness of tools and practices everyday people can use to make smarter financial choices and create brighter financial futures for themselves and their families. 2014 marks the third year President Obama has proclaimed April as National Financial Capability Month, which is also known in some circles as National Financial Literacy Month.

As the first national nonprofit organization dedicated exclusively to building a better economic future for people with disabilities, National Disability Institute will be celebrating National Financial Capability Month by highlighting financial tools and information on our website, blog and through social media (Facebook: RealEconImpact and Twitter: @RealEconImpact) that can benefit all people, with and without disabilities.

Connect with NDI all month long to discover resources to help you take the next step toward a healthier financial future.

Resources for Real Economic Impact


Impact of Tax Refunds on Federally Funded Public Benefits

Individuals with disabilities are often concerned that a tax refund will impact their eligibility for one or more public benefits. A permanent extension of the rule disregarding refunds within The American Taxpayer Relief Act of 2012 clarifies the rule across federally funded programs. The disregard notes that tax refunds, including refunds from tax credits such as the Earned Income Tax Credit (EITC), shall not be taken into account as income for purposes of determining eligibility for benefits. Tax refunds and credits shall not count as resources for a period of 12 months from receipt of the refund. These disregards apply to any federal program and/or any state or local program financed in whole or in part with federal funds. Download a handy fact sheet on the Impact of Tax Refunds on Federally Funded Public Benefits.


Explore Your Options as a Social Security Beneficiary

Choosing to work can change your life. If you have a disability and want to work, the Ticket to Work program may be right for you. Ticket to Work can connect you with the right people to help you explore your options, prepare for work, or gain experience while staying in control of your benefit choices. If you are age 18 through 64 and receive Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) you already qualify.

Get answers to your questions, access information and resources, and receive expert advice on Work Incentives and the Ticket to Work program at ChooseWork.net.

Taxes and Tax Preparation 

Tax Filing Deadline Approaching

You have until Tuesday, April 15, 2014 to file your state and federal taxes. If you or someone you know has a household income of $58,000 or less, you can save by preparing and filing both your federal and state taxes 100-percent free on www.myfreetaxes.com! The MyFreeTaxes website will be available through October 15, 2014; however, the Helpline, which is staffed by IRS-certified volunteers to assist self-filers with questions will only be available through April 30. If you are not able to file your federal individual income tax return by the due date, you may be able to get an automatic 6-month extension of time to file. To do so, you must file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return by the due date for filing your calendar year return (usually April 15) or fiscal year return. This form is also available en español.

Financial Education 

Top 12 Financial Capability Links

In celebration of National Financial Capability Month, we surveyed our National Disability Institute staff to determine the web links we like and use the most as we support efforts across the country to improve the financial capability of people with disabilities. Explore these Top 12 Financial Capability Links for more information and resources on employment, benefits, taxes, financial education and asset building.

Asset Development 

Utilizing Tax Time to Improve Your Financial Well-being

Whether an individual receives a tax refund or owes money, tax time offers the opportunity to take a step forward on one's path to financial stability. When an individual receives a tax refund they have multiple options to pay down debt, catch up on bills, or invest toward the future. Visit the MyFreeTaxes "Tax Savings Tips for Everyone" page for tips on how to use a tax refund to improve one's finances. Receipt of a tax refund or owing taxes can also mean that a person's withholding election should be adjusted. The benefit of taking another look at one's withholding election is two-fold, 1) increase withholding to avoid owing at the end of the year, or 2) decrease withholding to keep more money available in your monthly budget. This month, take a closer look at tax withholding elections to maximize monthly income and minimize debt at tax time. Use the IRS' withholding calculator to adjust your withholding election with your employer.

Public Policy 

National Disability Institute Sets 2014 Public Policy Agenda

National Disability Institute created its 2014 public policy agenda to help build financial capability and access to the economic mainstream for all people with disabilities.  With policy priorities that include recommendations to improve tax and social policy and cross-agency collaboration, National Disability Institute encourages members of the REI Network to continue to work with us to make these policy priorities a reality.

View National Disability Institute's 2014 Public Policy Agenda  

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Issue 3 - April 2014 

In This Issue

Happy National Financial Capability Month!

Benefits: Impact of Tax Refunds on Federally Funded Public Benefits

Employment: Explore Your Options as a Social Security Beneficiary

Tax Preparation: Tax Filing Deadline Approaching

Financial Education: 12 Financial Capability Links

Asset Development: Utilizing Tax Time to Improve Your Financial Well-being

Public Policy: National Disability Institute Sets 2014 Public Policy Agenda

Program Spotlight:  New York Trade Association Partnerships Employment Program

Upcoming Events

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Program Spotlight 

New York Trade Association Partnerships Employment Program

We at National Disability Institute understand that employment is a critical component of defining one's path to financial well-being. We provide training and technical assistance to equip individuals, and service providers, with information and resources to overcome barriers to employment and maintaining employment when disability-related challenges arise.

We also design and deliver programs to improve employment opportunities for individuals with disabilities. Earlier this year, the Kessler Foundation funded the New York Trade Association Partnerships Employment Program – NY TAP Talent. NY TAP Talent facilitates employment opportunities for individuals with disabilities in the financial services sector. NY TAP Talent is a collaborative employment model that facilitates the connection between qualified job seekers with disabilities and participating credit unions through the use of applicant training, Vocational Rehabilitation services, and strategic partnerships.

TAP Talent NY is a collaboration of National Disability Institute, the Federation of Community Development Credit Unions, the Credit Union Association of New York, and the New York Adult Career and Continuing Education Services-Vocational Rehabilitation (ACCES-VR). To learn more or if you live in the Upstate New York area and want to participate, visit the NY TAP Talent Employment Program page.


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Upcoming Events 

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