Teacher Promise Grants Program Forms Frequently Asked Questions
What is an IRS Form 1099-MISC?
It is a tax form used to document income other than wages, salaries, and tips.
Do I risk being bumped into a higher tax bracket because of my grant?
This will depend on each family’s specific circumstances. Tax calculators can be useful for modeling various scenarios. Families earning close to tax bracket thresholds should be particularly aware of potential tax impacts of any award.
How can I avoid an unexpected reduction in my tax refund or unexpected increase in my tax due when I file my taxes?
To avoid having an unexpected amount due when you file your income taxes you have the option of asking your employer to withhold additional taxes throughout the year. This can be accomplished by increasing your federal and state tax withholding. For federal taxes, you can submit Form W-4 to your employer. It’s as easy as filling out a new W-4 and handing it in to your employer. A blank W-4 can be found here: https://www.irs.gov/pub/irs-pdf/fw4.pdf. To increase your withholding, figure out how much you want withheld from each paycheck (see example below), and input that number on the line that asks “Additional amount, if any, you want withheld from each paycheck.” Cincinnati Preschool Promise 2400 Reading Road Cincinnati, Ohio 45202 513-447-4277 www.cincy-promise.org The equivalent form and process exists for state and local taxes. In the case of Ohio state taxes the form is called an IT-4 and it can be found at https://www.tax.ohio.gov/portals/0/forms/employer_withholding/generic/wth_it4.pdf.
Teacher Promise Grants Program Frequently Asked Questions
Who is eligible to apply?
Full-time, lead preschool teachers who have been in their role for at least 6 weeks, and whose provider’s preschool enrollment is at least 10% CPP students, are eligible for the Teacher Promise Grants Program.
If I receive a grant, what will be required of me during the grant cycle?
Teachers need to complete at least 10 hours of Ohio Approved professional development per year and turn in documentation from their Ohio Professional Registry page. Documentation deadlines are the same as deadlines to submit any Teacher Advancement Bonus documentation. In addition, teachers must attend at least one designated grantee event (offered bi-monthly) during their grant cycle.
How do I receive my payments?
Payments are made by direct deposit, directly to teachers’ bank accounts. This is the only way payments will be processed. Teachers must fill out the ACH Electronic Transfer form, available at https://2020ach.paperform.co.
Staff Support Fund (SSF) Grants Program Frequently Asked Questions
How is payment issued for SSF?
SSF funds will be issued in two installments via direct deposit to providers. Providers are responsible for dispersing funds to Teaching staff identified on initial application
How is payment issued for SSF?
SSF funds will be issued in two installments via direct deposit to providers. Providers are responsible for dispersing funds to Teaching staff identified on initial application
Can SSF be used to support non-teaching staff?
No, SSF funds are designed to support Lead and Assistant Preschool Teachers at eligible CPP QI Providers.
How long is the program?
The SSF program is designed to last 12 months.
Tuition Assistance Program
What is Tuition Assistance?
Tuition Assistance is funding intended to cover the cost of quality a Community Preschool Provider incurs for a child in attendance in a preschool classroom during the school day and school year. To qualify for Tuition Assistance a family must be income- eligible, live in the Cincinnati Public School District and attend a preschool program at a CPP approved community provider site for any qualifying child. If a child has a publicly funded childcare (PFCC) program copay, the CPP tuition assistance program will also cover the copay.
Which Preschool Providers are eligible to participate in the Tuition Assistance program?
Family Child Care, Centers, and Parochial preschool providers rated at 3 Stars or above in the ODJFS Step Up to Quality rating system, which operates within the Cincinnati Public School District are eligible to join the Tuition Assistance program. A simple application and onboarding sessions are required, along with ongoing compliance with CPP’s Tuition Assistance policies and procedures.
What families are eligible for tuition assistance?
The child must live within the Cincinnati Public School District boundaries
The child must be 3 years of age before September 30
Gross Annual Household Income must fall at or below 300% of the Federal Poverty level*
*Families may still be able to receive Tuition Assistance from Cincinnati Preschool Promise when receiving additional funding.