Disclaimer This presentation is intended to provide an overview of the Squaxin Island Tribes 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 ID: 1043114
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1. General Welfare ProgramPer Capita ‘Opt-In’
2. DisclaimerThis 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.
3. Why bother?Per Capita $4500Less federal income taxes (assumed 25% marginal tax rate) ($1125)Amount left $3375
4. 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
5. Key exceptions Assistance Based on Need (ABON) IGRA Minors’ Trust
6. What expenses qualify?The Tribe’s intent is to reimburse as broad an array of expenses as permitted under applicable federal law:IRC §139EIRC §139DRev. Proc. 2014-35
7. Should I document my expenses?Yes. Recommend keeping a file by calendar year of receipts or other documentation of qualifying expenses.
8. 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.
9. 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.
10. Examples of qualifying expenses (nonexclusive) Housing Medical Educational Elder Cultural
11. 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
12. Housing Cont. (Utilities) Electricity Generator Natural gas Other heat (e.g. wood) Water Sewer Trash Phone Internet Cable
13. 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
14. 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
15. Cultural ex. Transportation and lodging Admission to cultural events Instructional fees Regalia
16. Elder Meals In-home care Mobility improvements Transportation Long-term care / assisted living
17. Other Funeral / burial expenses
18. 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 programThe Tribe will continue to receive and consider suggestions on how to improve the Program in coming years.
19. 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/