Financial

2019 Social Security Changes and SSI Calculator

This Fact Sheet is your one stop shop for an overview of the Social Security Administrations's changes to benefits for 2019.

Use the attached spreadsheet to calculate someone's SSI income based on these updates.

SSI Calculation Sheet


Capital Area Assets Builders

Financial Education Program

CAAB’s Financial Education Program sponsors and/or conducts seminars, workshops and one-on-one sessions on a wide range of financial topics such as setting financial goals, developing and managing a spending plan, choosing financial products and services, understanding credit, managing debt, saving for college, understanding the basics of investing, and saving for the achievement of a financial goal.

Matched Savings

CAAB’s Matched Savings Program assists residents of the Greater DC area to save money for post-secondary education, buy a home or start or expand a business.

Financial Planning Sheet from CAAB


CASH Campaign of Maryland

The CASH Campaign of Maryland (Creating Assets, Savings and Hope) offers a range of classes for our clients.  Classes are offered throughout the year and topics include but are not limited to: 

-Learn how to improve your credit score

-Build a budget that works for you

-Plan for retirement

-Reduce your debt


Rep Payee Programs

A representative payee, or substitute payee, is a person who acts as the receiver of United States Social Security Disability or Supplemental Security Income for a person who is not fully capable of managing their own benefits, i.e. cannot be their own payee.

MHA Rep Payee Program

SMILE Payee Services

Currently monthly fee: $42 per month or 10% of their income, whichever is less.

EveryMind

Representative Payees provide money management services to individuals with a disability or mental illness who are unable to manage their own finances – to ensure clients have enough funding for food, clothing, shelter, medication, and other needs. Clients are matched with trained volunteers who manage the bank account, pay bills, and provide spending moneyClients must be age 18 or older, live in Montgomery County, have a disability or mental illness, and receive a federal benefit such as Social SecurityContact Amy Fier afier@Every-Mind.org 301.424.0656 x511


Tax Help

RSVP/AARP Tax-Aide provides free federal and state (Maryland) tax preparation services for low-to-moderate income taxpayers who live or work in Montgomery County.  Special attention is given to those 60 years old and older.  Our program runs during tax season. The program has more than 100 volunteers who are trained to prepare simple tax forms. Each year we prepare nearly 5,000 federal and state (Maryland) returns.  Please note that this year we are only able to prepare 2016 and 2017 returns. The  AARP flier provides more information on which returns are considered simple and which are too complex (out-of-scope) for the program. Please read this information before making an appointment. Taxpayers with complex tax returns will be advised to seek paid tax assistance. The RSVP/AARP Tax-Aide program prepares taxes at more than 20 different locations across Montgomery County.  See locations with appointments in 2018.

240-777-2577

VITA

The IRS Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) programs offer free tax help for taxpayers who qualify.  Find providers near you.

CASH Campaign

Visit their website to find free tax preparation sites or to download free tax prep software.

2 Taft Court, Suite 200

Rockville, MD 20850

Phone: 301-715-3673 | Fax: 888-496-8354

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