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USDA Loans and Grants for Single Family Home Repair, home grants for low income families.#Home #grants #for #low #income #families

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Loans and Grants for Single Family Home Repair

Home grants for low income families

The U.S. Department of Agriculture (USDA) offers low-interest loans and grants to very-low-income homeowners in eligible rural areas for certain improvements to their homes. Specifically, the USDA’s Single Family Housing Repair Loans and Grants Program offers:

  • Loans to qualified very-low-income homeowners to repair, improve, or modernize their homes. Loans may be used to repair, improve, or modernize the home, or to remove health and safety hazards from the home.
  • Grants to qualified elderly very-low-income homeowners. Grants must be used to remove health and safety hazards from the home.

Who Can Apply?

In order to qualify for loans or grants, applicants must:

  • Be the homeowner and actually live in the home;
  • Be a citizen of the United States or reside in the United States after having been granted legal permanent resident (green card) status;
  • Be financially unable to obtain affordable credit elsewhere;
  • Have a combined family income below 50% of the area median income; and
  • For grants, be age 62 or older and be financially unable to repay a conventional home repair loan.

What is an Eligible Area?

USDA Single Family Housing Repair Loans and Grants Program loans and grants are generally available to homeowners in rural areas with community populations of less than 35,000. The USDA provides a web page where prospective applicants can check their address to determine their eligibility online.

Within the population limit, loans and grants are available in all 50 states, Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Northern Mariana s and the Trust Territories of the Pacific Islands.

How Much Money is Available?

Loans of up to $20,000 and grants of up to $7,500 are available.

However, a person age 62 or older may be eligible for combined loans and grants totaling up to $27,500.

What are the Terms of the Loans or Grants?

Compared to conventional home repair loans, with interest rates averaging over 4.5%, the terms of the USDA loans are very attractive.

  • Loan interest rates are fixed at 1%.
  • Loans can be repaid over a period of 20 years.
  • Full title service is required for loans of $7,500 or more. (Title service fees are costs associated with issuing a title insurance policy for the lender.)
  • Grants have a lifetime limit of $7,500.
  • Grants do not have to be repaid unless the house is sold in less than 3 years.
  • If the applicant can repay part, but not all of the costs, the applicant may be offered a combination of a loan and a grant.

Are There Deadlines to Apply?

As long as Congress continues to fund the program in the annual federal budget, applications for the loans and grants can be submitted year around.

How Long Does the Application Take?

Applications for loans and grants are processed in the order they are received. Processing times may vary depending on the availability of funds in the applicant’s area.

How Do You Apply?

To begin the process, applicants should meet with a USDA home loan specialist in their area for help with the application.

What Laws Govern this Program?

The Single Family Housing Repair Loans and Grants Program is authorized and regulated under the Housing Act of 1949 as amended (7 CFR, Part 3550) and House Bill HB-1-3550 – Direct Single Family Housing Loans and Grants Field Office Handbook.

Note: Since the above laws are subject to amendment, applicants should contact USDA home loan specialist in their area for current program details.

Low Income Grants, grants for low income families.#Grants #for #low #income #families

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Low Income Grants

If you are struggling to make ends meet, you are not alone. With today’s economy, there are so many Americans in low paying jobs that just don’t provide enough money to pay the bills and cover daily living expenses too. The US government understands this dilemma and wants to help you out with a low-income grant. These grants are available to cover housing, childcare, and even the cost of college tuition if you want to further your education. Read on below for more details on the low-income grants available and how to apply for them.

Low-Income Housing Grants

Paying your rent or mortgage payment each month is no small expense. In fact, most Americans spend far more than the recommended 30% of their salary on housing. With such a large portion of your salary being sucked away into your housing, this leaves little left over to cover bills, daily living expenses, and not to mention savings for your future. Low-income housing grants are available to help ease this financial burden and ensure that adequate housing is available to all. There are a variety of different low-income housing grants depending on your unique needs including low-income grants to cover rent; mortgage payments; public housing; shelter expenses, etc. This federal aid can be found through the federal Department of Housing and Urban Development, otherwise known as the HUD.

Childcare Grants

The government offers financial assistance to a wide variety of families in purchasing child care. Families may need financial aid due to low incomes, medical problems, early parenting, or other problems that have resulted in low disposable income. Child care financial assistance can cover child care in a licensed child care center; in a licensed family child care home; by a relative of the child in the relative s home; or by an approved person in the child s home.

Education Grants

Low-income individuals can qualify for several different federally funded education grants to help pay for the cost of schooling. Don’t let money stand in the way of your getting an education. You can apply for a federal Pell Grant that based on your family income will award you up to $5,300 in free money to pay your tuition and some of the associated living expenses while in school. You can also qualify for additional education grants based on ethnicity, a disability, area of study, etc.

How To Apply

To access an updated list of current federal low-income grants you can apply for a free government grant kit. This kit will walk you through all the grants available, show you which ones you qualify for and even help you through the application process if you are unsure of what to do. Simply click on the link below and fill in your address and you can be on your way to getting a free government grant in no time at all.

Grants for low income families

Get A Free Grant Assistance KitGrants for low income families

To start your application for a free grant package go to:

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The Best Low Income Car Insurance Policies, car insurance for low income people.#Car #insurance #for #low #income #people

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The Best Low Income Car Insurance Policies

For those drivers with a low income, car insurance can be particularly burdensome. Many car insurance industry reports and statistics show that over the last few years car insurance rates have continued to increase by an average of 10% to 12% every year. While car insurance costs continue to climb, wages paid to low income workers have not kept pace.

While a couple of states like California and Washington are attempting to impose laws and regulations that will make basic car insurance more affordable for low-income drivers and families, the programs have not been in place long enough to have a considerable effect on premium prices. Moreover, because only a couple of states are enacting this type of legislation, the majority of low-income drivers across the country are either uninsured or underinsured.

Driving without car insurance is not only against the law – it is very unwise. If you’re involved in a car accident and have no car insurance, you can be sued or even go to jail. So even though car insurance is expensive, you’ll need to make sure that you maintain the legally required minimum levels of coverage for your state. Knowing where to find the most affordable car insurance policies can offer a little relief.

Choose Low Income Insurance Specialists

While you can purchase basic car insurance coverage from any car insurance company, there are some that specialize in policies for low-income drivers. Companies that specialize in low income car insurance policies provide only the most minimal amounts of coverage, but do attempt to make policy rates more affordable. They often require smaller down payments and may require direct debit payments from your checking or savings account in exchange for offering low rates. Here is a list of some of the most popular low income car insurance companies.

Other Ways to Save on Low Income Car Insurance

Just as with any other type of car insurance, the amount of money you pay for low income car insurance will depend upon your personal driving record and the type of car you need to ensure. So, by making sure that you always follow the law and traffic regulations when driving your vehicle, you can avoid costly traffic tickets that will not only cost you money in fines and penalties, but will also increase your car insurance rates.

Many insurance companies can offer low rates for the most basic types of car insurance coverage; so, you might also want to consider visiting independent car insurance agencies in your area and asking the agent about which companies provide minimal level coverage for the lowest prices. There are literally hundreds of smaller insurance companies across the country that can provide low income car insurance. Just be sure to do your research and make sure the one you choose is financially sound, and pays out on claims in the event of an accident. You can use the Internet to search for information on any car insurance company in the country.

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Car insurance for low income people

Medical Assistance (MA), medical coverage for low income.#Medical #coverage #for #low #income

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Medical Assistance (MA)

Sometimes laws require agencies to recover costs the MA program pays for members.

Learn more about the estate recovery program.

Program info

Medical Assistance (MA) is Minnesota’s Medicaid program for people with low income.

Most people who have MA get health care through health plans. You can choose a health plan from those serving MA members in your county.

Members who do not get health care through a health plan get care on a fee-for-service basis, with providers billing the state directly for services they provide.

MA is Minnesota’s largest health care program and serves children and families, pregnant women, adults without children, seniors and people who are blind or have a disability.

The information on these pages does not cover all program rules. To find out if you qualify, you must apply.

Find answers to other common questions not addressed on this page in our FAQs about MA.


To get coverage, you must:

  • Be a Minnesota resident
  • Be a U.S. citizen or a qualifying noncitizen
  • Provide a Social Security number for each person requesting MA, unless an exception is met
  • Meet the income limit and asset limit, if any
  • Meet any other program rules.

What is the income limit?

Some people who do not meet the income limit still may qualify using a spenddown (PDF). A spenddown is like an insurance deductible. This means you are responsible for some medical bills before MA pays.

What is the asset limit?

  • Generally, there is no asset limit for MA for parents, children under 21 and adults without children in the home.
  • Parents and caretaker relatives eligible for MA with a spenddown have an asset limit (PDF).
  • Seniors and people age 21 and older who are blind or have a disability have an asset limit (PDF).

Assets that do not count toward the limit include the home where you live, household goods, personal items like clothing and jewelry, and certain assets owned by an American Indian.

What if I have other insurance?

Sometimes we can pay the cost of the other insurance so you can keep that coverage.


What is covered and how much does it cost?

For some members, there is no cost. Others may have to pay a portion of the cost of a service. This may include copays, deductibles or spenddowns.

You will get more details on covered services after your application is approved.

When does coverage start?


There are different ways to apply for MA, depending on what type of coverage you need.

PA DHS – Medical Assistance General Eligibility Requirements, medical coverage for low income.#Medical #coverage #for #low #income

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General Eligibility Requirements

You must meet income, resource (in some cases), and other eligibility requirements in order to be eligible for Medical Assistance. These categories are grouped by:

  • Adults age 19-64 with incomes at or below 133% of the Federal Income Poverty Guidelines (FPIG) (Identified for Medical Assistance purposes as MAGI-related)
  • Individuals who are aged (age 65 and older), blind and disabled. (Identified for Medical Assistance purposes as SSI-related)
  • Families with children under age 21
  • Special Medical Assistance conditions

Medical Assistance eligibility is determined using income and household size in comparison to income limits. Age and disability are also factors in determining which income limits apply. (Income limits for the various eligibility groups are listed below.)

Examples of income counted in determining eligibility include:

  • Wages (certain deductions are allowed)
  • Interest
  • Dividends
  • Social Security
  • Veterans’ Benefits (except for MAGI MA)
  • Pensions
  • Spouse’s income if living with him/her

Examples of income not counted when determining eligibility include:

  • Temporary Assistance for Needy Families (TANF) benefits
  • Supplemental Security Income (SSI)
  • Supplemental Nutrition Assistance Program (SNAP) benefits
  • Low Income Home Energy Assistance Program (LIHEAP) benefits
  • Foster Care payments
  • Certain housing or utility subsidies
  • Weatherization Payments
  • Child Support Payments (only for MAGI MA)

The income limits for each category are provided in the section for that category.

Medical Assistance eligibility for some is also determined using resource and household size in comparison to resource limits. (Resource limits for the various eligibility groups are listed below or in the section for that category.)

NOTE: Resource limits do not apply to persons eligible for – Modified Adjusted Gross Income (MAGI) MA, pregnant women, families with children in the household – under their care and control, and those under the age of 21.

Examples of resources counted in determining eligibility include:

  • Cash
  • Checking accounts
  • Savings accounts and certificates
  • Christmas or vacation clubs
  • Stocks and bonds
  • Some trust funds
  • Life insurance
  • Vehicles
  • Revocable burial funds
  • Non-resident property

Examples of resources not counted in determining eligibility include:

  • Your home
  • Revocable and irrevocable burial reserves subject to specified limits
  • Burial space and marker
  • One motor vehicle

Some Medical Assistance eligibility groups have resource limits. The charts below provides specific details:

Non-Money Payment (NMP) Medical Assistance

Free Tax Return Preparation for You by Volunteers, Internal Revenue Service, income tax software for tax preparers.#Income #tax #software #for #tax #preparers

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Free Tax Return Preparation for Qualifying Taxpayers

The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals.

In addition to VITA, the Tax Counseling for the Elderly (TCE) program offers free tax help for all taxpayers, particularly those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors. The IRS-certified volunteers who provide tax counseling are often retired individuals associated with non-profit organizations that receive grants from the IRS.

Before going to a VITA or TCE site, see Publication 3676-B for services provided and check out the What to Bring page to ensure you have all the required documents and information our volunteers will need to help you. *Note: available services can vary at each site due to the availability of volunteers certified with the tax law expertise required for your return.

Some VITA sites offer CAA service to taxpayers along with their VITA program.

Find a VITA or TCE Site Near You

VITA and TCE sites are generally located at community and neighborhood centers, libraries, schools, shopping malls and other convenient locations across the country. To locate the nearest VITA or TCE site near you, use the VITA Locator Tool or call 800-906-9887.

When looking for a TCE site keep in mind that a majority of the TCE sites are operated by the AARP Foundation’s Tax Aide program. To locate the nearest AARP TCE Tax-Aide site between January and April use the AARP Site Locator Tool or call 888-227-7669.

At select tax sites, taxpayers also have an option to prepare their own basic federal and state tax return for free using Web-based tax preparation software with an IRS-certified volunteer to help guide you through the process. This option is only available at locations that list “Self-Prep” in the site listing.

Professional Tax Preparation-Software Reviews-News, income tax software for tax preparers.#Income #tax #software #for #tax #preparers

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income tax software for tax preparers

CPA Practice Advisor, the source for news, software reviews, and best practices advice for members of the accounting profession, has launched a new weekly newsletter specifically directed at tax preparers.

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Professional Tax Software for Preparers: UltraTax CS – Thomson Reuters Tax – Accounting, income tax software for tax preparers.#Income #tax #software #for #tax #preparers

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UltraTax CS Professional Tax Software for Preparers

As a tax professional, your world is always changing. From hundreds of tax law revisions each year to increasing client demands, you can’t afford to lose billable time with manual processing. UltraTax CS professional tax software for preparers is designed for tax professionals like you and filled with timesaving tools to ease your tax preparation process and add value for your clients. You can enjoy a full line of federal, state and local tax programs with UltraTax CS — including 1040 individual, 1120 corporate, 1065 partnership, 1041 estates and trusts, multi-state returns and more!

By reducing manual work with UltraTax CS professional tax preparation software, you can do more client returns in less time — without adding staff.

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Income tax software for tax preparers

When you use our document management and workpaper management solutions along with our Source Document Processing functionality, you can automatically label and organize your client source documents, making them much easier to locate and identify in your electronic files.

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You can also automatically extract data from the processed source documents for direct transfer into client tax returns in UltraTax CS professional tax preparation software, dramatically reducing data entry.

Convenient and secure eSignature option

With eSignature, you’ll save time and money, reduce IRS hassles and more. You and your clients can enjoy a convenient, secure and efficient way to electronically sign tax documents with this fee-based feature of UltraTax CS. Plus, fees are only assessed upon successful completion of eSignatures for all parties.

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Full integration with CS Professional Suite software

UltraTax CS integrates with CS Professional Suite, Thomson Reuters Onvio ™ cloud software for accountants and tax professionals, and other Thomson Reuters products (such as Checkpoint ® research and guidance solutions).

Onvio Client Center

You and your individual and business clients can enjoy online accounts that offer an ultra-convenient way to access tax documents with Onvio Client Center and mobile apps. And when Onvio Client Center combines with Onvio Documents, you’ll enjoy a secure online hub for communication between your staff and clients.

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Maximize Your Firm’s Efficiency with a Tax Workflow Assessment

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Investing for Income, investing for income.#Investing #for #income

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Investing for Income

Investing for income means investing in stocks that will provide you with regular money payments (dividends). Income stocks may not offer stellar growth, but they re good for a steady infusion of money. What type of person is best suited to income stocks?

  • Conservative and novice investors: These investors like to see a slow-but-steady approach to growing their money while getting regular dividend checks. Novice investors who want to start slowly also benefit from income stocks.
  • Retirees: Growth investing is best suited for long-term needs, while income investing is best suited to current needs. Retirees may want some growth in their portfolios, but they re more concerned with regular income that can keep pace with inflation.
  • Dividend reinvestment plan (DRP) investors: A DRP is a program that a company may offer to allow investors to accumulate more shares of its stock without paying commissions. For those who like to compound their money with DRPs, income stocks are perfect.

Income stocks tend to be found in industries with established cash flows and less emphasis on financing or creating new products and services. When you start searching for a great income stock, look at utilities and real estate trusts for high-dividend stocks.

You won t find too many dividend-paying income stocks in the computer or biotech industries because these types of companies need a lot of money to finance research and development projects to stay ahead of the curve.


Utilities generate a large cash flow, which includes money from income (sales of products and services) and other items (such as the selling of equipment). This cash flow covers things such as expenses, including dividends. Utilities are considered the most common type of income stocks, and many investors have at least one in their portfolios.

Real estate investment trusts (REITs)

Real estate investment trusts (REITs) are a special breed of stock. A REIT has the elements of both a stock and a mutual fund. It s like a stock because it s a company that is publicly traded on the major stock exchanges, and it has the usual features that you expect from a stock it can be bought and sold easily through a broker, income is given to investors as dividends, and so on. A REIT resembles a mutual fund because it doesn t make its money by selling goods and services; it makes its money by buying, selling, and managing an investment portfolio full of real estate investments. It generates revenue from rents and property leases. In addition, some REITs own mortgages, and they gain income from the interest.

REITs are called trusts because they meet the requirements of the Real Estate Investment Trust Act of 1960. This act exempts REITs from corporate income tax and capital gains taxes as long as they meet certain criteria, such as dispensing 95 percent of their net income to shareholders. This provision is the reason REITs generally issue generous dividends. Beyond this status, REITs are, in a practical sense, like any other publicly traded company.

Life Insurance: Policies – Quotes: Farmers Insurance, what is life insurance for.#What #is #life #insurance #for

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Life Insurance

There’s nothing more important than family, and for more than 100 years, customers have turned to Farmers New World Life Insurance Company to help protect the financial security of their loved ones.

Getting Started With Life Insurance

Life insurance is a great way to help prepare for life s unexpected moments. Like most of us, you probably worry about the future. Can we pay off the house? Will my kids get a good education? Will they grow up healthy and happy?

With life insurance, you can know that no matter what tomorrow may bring, you can help support your family s financial future.

So, how do you get started?