FDA Accounts! Go to school, buy a home, or start a business
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: http://womenworkandcommunity.org/?page_id=101
The Maine Centers for Women, Work and Community (WWC), Penquis, and WHCA are three agencies offering the program in the Eastern Maine area.
The Maine Centers for Women, Work and Community are committed to improving the economic lives of Maine women and their families. To help families save to meet their financial goals (including purchasing a home) they offer Family Development Accounts (FDA’s), or “matched savings accounts”. The learn more about FDA’s and whether you are eligible, go to http://womenworkandcommunity.org/?page_id=80.
Penquis serves Penobscot and Piscataquis counties by offering programs to individuals and families in preventing, reducing, and eliminating poverty in their lives. Through various partnerships they engage the community in addressing its economic and social needs. Call them toll-free at 1-800-215-3699. http://www.penquis.org.
Washington Hancock Community Agency is a community action agency dedicated to fighting poverty and helping low-income people in Down East Maine. They offer a wide range of services including heating assistance, transportation, weatherization, small business assistance, tax preparation and more.
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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: http://scorecard.assetsandopportunity.org/2013/state/me
Make the most of your money. Stop paying to get your taxes prepared, and find out if you qualify for tax credits that you didn’t know you qualified for. If you, or your household, made up to $51,000 in 2012, you can get your income taxes prepared for free by IRS-certified volunteer tax preparers! Find a coalition near you to schedule an appointment.
Ask about our do-it-yourself option if your individual or combined household income is up to $57,000.
Thanks to a grant from the Walmart Foundation and a partnership between Goodwill International and United Way Worldwide, we are able to offer a free, do-it-yourself option. If your individual or combined household income is up to $57,000, you can file your federal and state taxes for free!
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: http://womenworkandcommunity.org/?page_id=101