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Sec. 31-51ddd page 1 (2-03) Department of Labor TABLE OF CONTENTS Individual Development Accounts Program Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31-51ddd- 1 Eligibility
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What is individual development accounts program?
Individual development accounts program is a matched savings program designed to help low-income individuals save and build assets for education, homeownership, or starting a business.
Who is required to file individual development accounts program?
Individuals who meet the eligibility criteria set by the program provider are required to file for the individual development accounts program.
How to fill out individual development accounts program?
To fill out the individual development accounts program, individuals need to contact their program provider, meet the eligibility criteria, and complete the necessary application forms and documentation.
What is the purpose of individual development accounts program?
The purpose of the individual development accounts program is to promote financial stability and asset building among low-income individuals by providing matching funds for their savings goals.
What information must be reported on individual development accounts program?
Individuals must report their income, assets, savings goals, and progress towards meeting those goals on the individual development accounts program.
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