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FSA = Family Savings Accounts
Matched Savings Accounts
You save >> your savings are matched $ for $
 
FSA is part of the Federal Individual Development Account (IDA) program funded by Assets for Independence.  Pennsylvania partnered for 50% of the funding and joined the national IDA program through PA Act 23 of 1997.  Pennsylvania's IDA program was named the "Family Savings Account" program.  
 
Funds are distributed to non-profit organizations through the PA Department of Community & Economic Development.  www.newpa.com 

Save $2000. . . & receive a $2000 Match 

To Qualify:
  1. .  Be a PA resident
  2. .  Meet the income guidelines (chart below)
  3. .  Locate your FSA non-profit agency - click here>>  FSA Agencies. 
  4. .  Fill out your local agency's application.
  5. .  Pick one of five spending goals.
    • Home purchase
    • Home Repairs or improvements
    • Car (for school or work commute)
    • Education for yourself of child  (& optional discounts to the PA 529 plan)
    • Improve or Start a new Business

To Succeed:

  1. .  Deposit at least $40 a month into your FSA saving account.
  2. .  Complete Expense Tracking, a Budget, and attend FREE financial education.

            (online financial ed also available)

To Learn More:

Click HERE to see Rules and Regulations web page.

 

Click HERE to see PDF of Rules and Regulations.   

  FSA Income Limits  -  Click on chart for larger view.

 

This chart enlarges as a PDF document.  Download the free PDF (Acrobat Reader) software at:www.adobe.com/products/acrobat/readstep2.html  

NOTE:  Uncheck the Google toolbar if you don't want it.

  

 

 

 

 

 

 

 

 

This volunteer run website is designed to assist families locate agencies in WESTERN PENNSYLVANIA with funds available and enrollment open to the public.

 

Please contact DCED for FSA information outside of this area. www.newpa.com 

 

   
 
SEE THE FSA BLOG FOR NEW INFORMATION & SAVING TIPS
 
  
Visit the rest of the site for money saving tips and other financial assistance information.
 
 
Have questions?
Email FSA Volunteer Marleen