A lot of people get help getting ready for tax season and preparing their taxes. But it’s not a bad idea to have some tips on what to do after your taxes have been filed, especially if you received a refund. Here are some tips:
- Pay off high-interest debt
- Pay off the debt you have with the lowest balance to eliminate it completely
- Negotiate with collection agencies to pay off balances in lump sums; this allows you to negotiate to pay 50 percent of the debt owed
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NYCHA’s Department of Resident Economic Empowerment & Sustainability (REES) is partnering with Year Up New York by recruiting young residents for their September 2014 class. Year Up provides yearlong training and corporate internships for young adults interested in professional careers in Business and Technology. Year Up alumni earn $35,000 a year on average and over 84% of YEAR UP graduates are working and/or in college within six months.
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Up to fourty qualified NYCHA residents will be selected for the next class, which begins in June 2014. Green City Force provides young NYCHA residents with training and leadership opportunities related to greening the economy. To date, approximately 180 NYCHA youth have graduated from this competitive program. As of its last cohort 85% of graduates are employed or enrolled in college.
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In September of 2012 NYCHA launched a powerful online database to make resident referrals faster and more convenient. The automated process refers residents to local service providers that REES partners with to leverage the best resources in their community. Now when residents see their Housing Assistants for any reason, they can be referred to local providers for adult education, employment training, financial counseling or business development services that put them in control of their financial future.
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You may qualify for the Earned Income Disallowance (EID).
If you qualify, a certain amount of your verified income is not counted when your household rent is being calculated. Your rent does not increase in the first year of employment and you rent will increase by less than the full amount the second year.
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