RED TAB SAVERS INCOME LIMITS
WHY IS THERE AN INCOME LIMIT ON THIS PROGRAM?
The IRS made us do it. Because the Red Tab Foundation is a 501c3 non-profit organization, we must limit eligibility for this program to people whose households earn at our below the area median income where they live. We know there are a lot more people who could benefit from a program like this, but we’re limited by our non-profit status.
HOW DO I KNOW WHAT MY HOUSEHOLD INCOME IS?
“Household income” is defined by what you filed on your 2018 tax return, with the “household” defined as the number of people total on your tax return and the “income” from the Adjusted Gross Income on your 1040 form. For example, if you filed as Single with no dependents, your household size is 1. If you filed jointly with your partner and you have one dependent, your household size is 3. If someone claimed you as a dependent (e.g. your parents), you’ll use their total household size and income.
WHAT DO I DO IF I’M NOT ELIGIBLE?
We’d like to suggest a similar program you can participate in that doesn’t have an income limit! Check out SaverLife, the program by our partners at Earn.
OKAY, SO WHAT’S THE INCOME LIMIT IN MY AREA?
This is based on where you work. So, use the table below to find your store number or location (CAN for Canton, HEB for Hebron, SKY for Sky Harbor), then scroll over to the number of people in your household to find the limit.