Asset-Based Food Stamps Requirements
Requirements for food stamps also take into account certain assets petitioners may have when they apply for assistance. However, this mainly applies to countable or monetary resources, such as money they have in their bank accounts. Resource limits are typically set between $2,250 and $3,500, depending on the applicant’s situation. Nevertheless, there are certain assets that petitioners can have that will not affect their food stamps eligibility. Examples of these resources include:
- Homes and land.
- Retirement and pension savings accounts.
- Resources from individuals who are enrolled in either Temporary Assistance for Needy Families (TANF) or Supplemental Security Income (SSI).
However, candidates must keep in mind that their state’s food assistance application may require them to provide information on any vehicles they own. Deciding if and how these automobiles are regarded as resources is up to each state’s discretion.