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DE TANF - Special Educational and Business Investment Accounts

Temporary Assistance for Needy Families (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. Withdrawals from these accounts must be for approved purposes.

Approved reasons for withdrawal of funds for self-sufficiency needs include:

·      education expenses,

·      employment start-up needs,

·      entrepreneurship, and

·      the fulfillment of life-improvement initiatives.

If funds are withdrawn for non-approved purposes, the money is counted as a resource in the month they are withdrawn.

See also:

DE TANF - Resource Exclusions

DE TANF - Resource Eligibility

DE TANF - Income Eligibility

DE DSS - Application Procedures

DE DSS - Change Reporting Requirements

DE DSS - Contact Information

Source:

DSS Policy Manual (Sect. 4002.2)

Back to:

DE TANF - Financial Eligibility

DE TANF Overview

DE Division of Social Services - Overview

DE Benefit Information System Overview

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