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The Henry J. Kaiser Foundation offers a comprehensive library of information about the Affordable Care Act, including and easy-to-use subsidy calculator. The tool estimates the health insurance premiums and subsidies for “people purchasing insurance on their own in new health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). Beginning in October 2013, middle-income people under age 65, who are not eligible for coverage through their employer, Medicaid, or Medicare, can apply for tax credit subsidies available through state-based exchanges.”
A new study released by the nonprofit Corporation for Enterprise Development shows that the poorest 20% of families pay more of their income in taxes than top 1% of families. The national organization also rated Maine in five key areas: financial assets and income; businesses and jobs; housing and homeownership; healthcare and education. View the complete study here.
The Kennebec Journal featured CA$H Maine’s first IRS-certified training for high school student volunteers. The high school students at the Capital Area Technical Center are working with the Central Maine CA$H Coalition to offer free tax preparation. Check out the full story here.
Every so often you get the chance to do good by everyone…. even yourself. CA$H Maine can make it happen. Volunteer as an IRS-certified Tax Preparer or as a Greeter and Asset Coach. We provide free IRS-certified training, you get a marketable skill and the priceless satisfaction of helping your neighbors who earn a low- to moderate-income. And all it takes is 3 hours a week, for at least 4 or 5 weeks during tax season. Find a coalition near you to get started as a volunteer.
Family Development Account Coalition – Matched Savings Program — FDAs
The FDA Program enables low-income families to establish savings accounts that will be used to buy a home, pay for education, or start or expand a small business. Participating families establish a savings account to be used toward their identified goal. Matched Savings Programs enhance the money you earn through employment by matching your participant dollars at a 4:1 ratio. For a program description click here.