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DE TANF - Resource Exclusions

The following types of resources do not count against your family's resource limit of $1,000 for Temporary Assistance for Needy Families (TANF) eligibility:

Special Educational and Business Investment Accounts

TANF families may establish Special Educational and Business Investment Accounts of up to $5,000, including interest. Funds in these accounts are not considered as a resource for TANF or Food Stamp purposes.

Other Resource Exclusions

·      The home that is the usual residence of the Family Budget Group.

·      The equity value of an automobile -- the amount excluded for family groups under TANF is different than under General Assistance (GA).

TANF: Exclude the equity value of a primary automobile. The excluded amount is $4,650. The equity value is the difference between the automobile's fair market value and the amount still owed for it. The equity value in excess of $4,650 is counted towards the $1,000 resource limitation. The entire equity value of other automobiles owned by the individual is counted as a resource.

GA: One automobile, the equity value of which does not exceed $1,500. The equity value is the difference between the automobile’s fair market value and the amount still owed on it. The equity value in excess of $1,500 is counted towards the $1,000 resource limitation. The entire equity value of other automobiles owned by the individual is counted as a resource.

NOTE: The increased value of a motor vehicle resulting from its being specially equipped with devices for the handicapped is not counted. Farm vehicles that are used to produce income are excluded from consideration as a resource.

·      One burial plot for each member of the Assistance Unit

·      Pre-paid burial contracts up to a total of $1,500 for each member of the budget group

·      Basic maintenance items essential for day-to-day living such as clothes, furniture, and other essential items

·      For a period not to exceed six months, real property that is not used as a residence, if the family is trying to sell the property and if they agree to repay any assistance received during this exemption period

·      Tools and equipment necessary to produce income for self employment

·      Federal disaster and emergency assistance

·      Earned Income Tax Credits (EITC)

Applicants may disregard EITC payments received in the month of application or in the month preceding the month of application. Any remaining EITC amounts received before this period are a resource.

Recipients may disregard the EITC as a resource for the month it is received and the following month. After this period, any remaining amounts are a resource.

·      Cash value of life insurance policies

·      Other exclusions under Federal law for special groups such for those who receive Agent Orange Settlement Funds.

See also:

DE TANF - Resource Eligibility

DE TANF - Income Eligibility

DE GA - Financial Eligibility

DE DSS - Application Procedures

DE DSS - Change Reporting Requirements

DE DSS - Contact Information

Source:

DSS Policy Manual (Sect. 4002.5, 4002.6)

Back to:

DE TANF - Financial Eligibility

DE TANF Overview

DE Division of Social Services - Overview

DE Benefit Information System Overview

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