The USDA counts assets and resources as any item that could be available to the household to purchase food, such as money in a bank account. What counts as an Asset for Food Stamps Application? If your household does not have a member that is disabled or elderly (age 60 and older), then your total assets must equal $2,500 or less.įor households with a member who is elderly (age 60 or older) or disabled, your total assets and countable resources must equal $3,750 or less. The assets belonging to the household must fall below certain limits. Once you have subtracted all eligible deductions from your household gross income, this will give you your monthly net income. However, for all other households, this deduction is capped at $597 per month. This deduction is uncapped for households with an elderly or disabled member. Excess shelter deduction for households with a shelter cost that exceed more than half of the household’s income.Homeless household shelter deduction of $159.73.Medical expense deduction for elderly or disabled household members that have incurred out-of-pocket medical expenses greater than $35 a month.Child support deduction for any legally obligated child support that a member of the household pays.Dependent care deduction for out-of-pocket child care or when needed for work, training, or education.A standard deduction based on household size (see below) to account for basic unavoidable costs.

20 percent deduction from earned income to account for work-related expenses and payroll taxes.

The following deductions are allowed for all households depending on the living situation and expenses: Food Stamps Allowable DeductionsĬertain deductions are allowable to be taken from the gross income to arrive at the net income amount. The resulting amount must be at or below the poverty line. This is a household’s income after allowable deductions are taken out. Therefore, 130 percent of that is $2,379 a month, or about $28,550 a year. The poverty level is higher for bigger families and lower for smaller families. For a family of three, the poverty line is $1,830 a month.

Food stamp eligibility calculator