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SNAP (Food Stamp) Resource Tests

To get Supplemental Nutrition Assistance Program (SNAP, formerly Food Stamp Program) benefits, households must meet certain resource (asset) tests. Dollar amounts discussed below are those in effect during Federal Fiscal Year 2012 from October 1, 2011 to September 30, 2012 and are subject to change each Federal fiscal year.

NOTE: On June 18, 2008, Congress enacted Public Law 110-246, The Food, Conservation and Energy Act of 2008 (FCEA). Section 4100 includes a provision that renames the Food Stamp Program the "Supplemental Nutrition Assistance Program" or SNAP and renames the Food Stamp Act of 1977 the Food and Nutrition Act of 2008, effective October 1, 2008. State agencies may continue to use state-specific program names.

Additionally, Section 4104(a) contains a provision that adjusts the previous food stamp asset limits ($2,000 for most households and $3,000 for households with elderly or disabled members) by indexing the limits to inflation, rounded down to the nearest $250. Each adjustment is based on the unrounded amount for the prior 12-month period. This provision took effect on October 1, 2008.

Households may have $2,000 in countable resources, such as a bank account. Households may have $3,250 if at least one person is age 60 or older, or if a person with a disability (this became effective FY 2003) is a member of the household. Certain resources are not counted, such as a home and lot, the resources of people who receive Supplemental Security Income (SSI), Temporary Assistance for Needy Families (TANF), and most retirement (pension) plans.

Recent rule changes at the Federal level have given States new options to determine how to count and/or value vehicles as resources when determining eligibility for the Food Stamps program.

See the topic Vehicles (State Rules) - Food Stamps for State-by-State information about specific rules in effect.

See the topic Vehicles (Federal Rules) - Food Stamps for information about the Federal rules, which may be used instead of, or in conjunction with, the individual State rules.

Source

http://www.fns.usda.gov/snap/applicant_recipients/Eligibility.htm

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