Your net worth must not exceed $10,000, excluding your primary residence and automobile.
(net worth = what you own minus what you owe.) |
 |
| AND |
You must qualify based on your income or claim the Earned Income Tax Credit (EITC).
(see eligibilty information.) |
2012 Metro Denver IDA Income Eligibility
|
 |
There are two ways to qualify for an IDA. They all involve family size, make up and income. |
|
You may qualify to open an IDA if you fall within the family size and income limits listed below. For instance, you qualify if there are two people in your family and your annual income does not exceed $30,260. |
| Family Size |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9+ |
| Income limit |
$22,340 |
$30,260 |
$38,180 |
$46,100 |
$54,020 |
$61,940 |
$69,860 |
$77,780 |
Add $7,920 for each person
|
|
OR |
|
Your family qualifies under the Earned Income Tax Credit Guidelines below and you have investment income less than $3,150 for the year. |
| Number of Qualifying Children |
Filing Single Adjusted Gross Income |
Married Filing Jointly Adjusted Gross Income |
| 0 |
$13,980 |
$19,190 |
| 1 |
$36,920 |
$42,130 |
| 2 |
$41,952 |
$47,162 |
| 3 or more |
$45,060 |
$50,270 |
How to Apply
If you are interested in finding out more information about the IDA program please attend an IDA information session. Please sign up for a session on the IDA Calendar.
Once you have attended an information session and have completed the application packet you can sign up for an IDA orientation.
| Please bring to the orientation: |
|
| |
your application packet
|
current tax return
|
paystubs
|
a photo ID
|
|
