Squaxin Island Tribe General Welfare Program Overview
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General Welfare
Program
PER CAPITA ‘OPT-IN’
Disclaimer
This presentation is intended to provide an overview of the Squaxin Island Tribe’s General
Welfare Program. It is not intended to provide a comprehensive analysis of the law, nor is it
intended to provide personal tax or legal advice.
Why bother?
Per Capita
$4500
Less federal income taxes (assumed 25% marginal tax rate)
($1125)
Amount left
$3375
The Basics
Submit enrollment form by
December 15
.
Use the money you receive next year for qualifying expenses
Money is income tax exempt – no withholding; no 1099
Key exceptions
Assistance Based on Need (ABON)
IGRA Minors’ Trust
What expenses qualify?
The Tribe’s intent is to reimburse as broad an array of expenses as permitted under applicable
federal law:
◦
IRC §139E
◦
IRC §139D
◦
Rev. Proc. 2014-35
Should I document my expenses?
Yes. Recommend keeping a file by calendar year of receipts or other documentation of
qualifying expenses.
Does the program include elders per
capita?
Yes. You may choose to ‘opt-in’ to the general welfare program for elders or regular per capita,
one, both or neither.
How will I get the payment?
For the time being, general welfare advance reimbursements will be provided at the same time
and in the same amount as per capita payments. If you have an existing automatic deposit, that
will be applied to general welfare payments.
Examples of qualifying expenses
(nonexclusive)
Housing
Medical
Educational
Elder
Cultural
Housing examples
•
Mortgage / rent
•
Down payment / deposit
•
Home equity loan payments
•
Mortgage ins.
•
Homeowners’ insurance
•
Homeowners’ assoc.
•
Property tax
•
Pest control
•
Home repair / improvement (e.g. roofing,
siding, plumbing, painting)
•
Heating / cooling systems
•
Solar
•
Appliances (e.g. fridge, oven, dishwasher,
microwave, washer, dryer, deep freeze
Housing Cont. (Utilities)
•
Electricity
•
Generator
•
Natural gas
•
Other heat (e.g. wood)
•
Water
•
Sewer
•
Trash
•
Phone
•
Internet
•
Cable
Medical examples
•
Out of pocket expenses
•
Insurance and co-pays
•
Prescriptions
•
Behavioral health care
•
Physical therapy
•
Equipment (crutches, roller, etc.)
•
Chiropractor
•
Lab fees
•
Substance abuse treatment
•
Chiropractor
•
Orthodontics
•
Glasses / contacts
•
LASIK
•
Hearing aids
•
Prenatal
•
Smoking cessation
•
Gym membership
•
Long term care / assisted living
Educational
•
Tuition (preschool through college, vocational
and technical)
•
Books
•
Equipment (e.g. backpack, laptop, calculator)
•
Music / athletic supplies
•
Test prep
•
Job counseling
•
Interview clothing
•
Transportation
•
Child care
Cultural ex.
•
Transportation and lodging
•
Admission to cultural events
•
Instructional fees
•
Regalia
Elder
•
Meals
•
In-home care
•
Mobility improvements
•
Transportation
•
Long-term care / assisted living
Other
•
Funeral / burial expenses
Will the program change in the future?
The Federal TTAC (Treasury Tribal Advisory Committee) continues to meet and discuss the
general welfare exclusion. Future regulations may change how the Tribe administers the
program
The Tribe will continue to receive and consider suggestions on how to improve the Program in
coming years.
What next?
If you want to participate – get your form in by
December 15
.
Finance and Legal will continue to aggregate and post responses to frequently asked questions
online at:
https://squaxinisland.org/general-welfare/
Overview of the Squaxin Island Tribe's General Welfare Program, including information on per capita benefits, enrollment process, qualifying expenses, key exceptions, documentation, payment methods, and examples of qualifying expenses for reimbursement.
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Presentation Transcript
General Welfare Program PER CAPITA OPT-IN
Disclaimer This presentation is intended to provide an overview of the Squaxin Island Tribe s General Welfare Program. It is not intended to provide a comprehensive analysis of the law, nor is it intended to provide personal tax or legal advice.
Why bother? Per Capita $4500 Less federal income taxes (assumed 25% marginal tax rate) ($1125) Amount left $3375
The Basics Submit enrollment form by December 15. Use the money you receive next year for qualifying expenses Money is income tax exempt no withholding; no 1099
Key exceptions Assistance Based on Need (ABON) IGRA Minors Trust
What expenses qualify? The Tribe s intent is to reimburse as broad an array of expenses as permitted under applicable federal law: IRC 139E IRC 139D Rev. Proc. 2014-35
Should I document my expenses? Yes. Recommend keeping a file by calendar year of receipts or other documentation of qualifying expenses.
Does the program include elders per capita? Yes. You may choose to opt-in to the general welfare program for elders or regular per capita, one, both or neither.
How will I get the payment? For the time being, general welfare advance reimbursements will be provided at the same time and in the same amount as per capita payments. If you have an existing automatic deposit, that will be applied to general welfare payments.
Examples of qualifying expenses (nonexclusive) Housing Medical Educational Elder Cultural
Housing examples Mortgage / rent Heating / cooling systems Down payment / deposit Home equity loan payments Solar Appliances (e.g. fridge, oven, dishwasher, microwave, washer, dryer, deep freeze Mortgage ins. Homeowners insurance Homeowners assoc. Property tax Pest control Home repair / improvement (e.g. roofing, siding, plumbing, painting)
Housing Cont. (Utilities) Electricity Cable Generator Natural gas Other heat (e.g. wood) Water Sewer Trash Phone Internet
Medical examples Out of pocket expenses Chiropractor Insurance and co-pays Prescriptions Orthodontics Glasses / contacts Behavioral health care LASIK Physical therapy Equipment (crutches, roller, etc.) Hearing aids Prenatal Chiropractor Smoking cessation Lab fees Substance abuse treatment Gym membership Long term care / assisted living
Educational Tuition (preschool through college, vocational and technical) Transportation Child care Books Equipment (e.g. backpack, laptop, calculator) Music / athletic supplies Test prep Job counseling Interview clothing
Cultural ex. Transportation and lodging Admission to cultural events Instructional fees Regalia
Elder Meals In-home care Mobility improvements Transportation Long-term care / assisted living
Other Funeral / burial expenses
Will the program change in the future? The Federal TTAC (Treasury Tribal Advisory Committee) continues to meet and discuss the general welfare exclusion. Future regulations may change how the Tribe administers the program The Tribe will continue to receive and consider suggestions on how to improve the Program in coming years.
What next? If you want to participate get your form in by December 15. Finance and Legal will continue to aggregate and post responses to frequently asked questions online at: https://squaxinisland.org/general-welfare/
