WorkWORLD Logo: Empowerment through Decision Support Technology. Employment Support Institute, Virginia Commonwealth University.  Link to WorkWORLD homepage. WorkWORLD Logo: Empowerment through Decision Support Technology. Employment Support Institute, Virginia Commonwealth University.      
  Get Latest
WorkWORLD
Get Latest WorkWORLD Version button and link to How To Get WorkWORLD page
WorkWORLD Logo: Empowerment through Decision Support Technology. Employment Support Institute, Virginia Commonwealth University.

www.workworld.org
workworld@vcu.edu

Countable Resources - SNAP (Food Stamps)

In the Supplemental Nutrition Assistance Program (SNAP, formerly Food Stamp Program), the value of all assets that are available and not explicitly excluded are counted. Assets are available if a household member has both legal authority and actual ability to use the assets for self-support. A household member can prove unavailability by showing proof of a legal or other actual barrier to disposal of the asset that cannot reasonably be overcome. Assets that are owned jointly with non-household members may be considered available.

Countable assets are used when determining if the household passes the Resource Test. Excluded assets are not considered when determining if the household passes the Resource Test.

Countable assets have either a cash value (liquid) or equity value (non-liquid). The following are examples of when the value of the liquid asset is the amount in the household member's possession or account:

        cash-on-hand, including uncashed checks, drafts, and warrants;

        savings account;

        checking account; and

        credit union share or draft account.

The following are examples of when the value of the liquid assets is the amount if the asset were converted to cash:

        certificate of deposit;

        U.S. savings bond,

        stocks or bonds, and

        pensions plans less the penalty for early withdrawal.

Examples of assets with an equity value include mortgages, land, and tools.

If your household resides in Connecticut, read the topic "Interest Payments (Connecticut) - SNAP (Food Stamps) ".

If your household resides in Vermont and includes a TANF recipient, read the topic "Asset Exclusion (Vermont) - SNAP (Food Stamps) " for information about excluding the assets resulting from earned income.


WorkWORLD™ Help/Information System

AddThis Social Bookmark Button   Share/Save: Click the button or link at left to select your favorite bookmark service and add this page.

This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org

Get WorkWORLD latest version button and link to How to Get WorkWORLD page

See How to Get WorkWORLD page at: http://www.WorkWORLD.org/howtogetWW.html

NOTE: Sponsored links and commercial advertisements help make the WorkWORLD™ website possible by partially defraying its operating and maintenance expenses. No endorsement of these or any related commercial products or services is intended or implied by the Employment Support Institute or any of its partners. ESI and its partners take no responsibility for, and exercise no control over, any of these advertisements or their views or contents, and do not vouch for the accuracy of the information contained in them. Readers are cautioned to verify all information obtained from these advertisements prior to taking any actions based upon them. The installed WorkWORLD software does not contain advertisements of any kind.

Copyright © 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, Virginia Commonwealth University. All rights reserved.