Update: Many states have eliminated there asset limits. If you are in one of the states with no asset limit, you don’t have to worry about this page.
If you were turned down for food stamps because you had too many assets, and you now have less assets, you can apply again any time.
You are allowed to receive food stamps if your household is below the asset limit. In many states this is $2,250. (Or $3,250 if at least one person is disabled or a senior).
But wait! Your household does not mean the people you live with. What does “household” mean?
All money in the bank counts. Retirement plans sometimes count. A house does not count.
In some states no cars count, in some states one car does not count, in some states, one car does not count if it is worth less than $5,000.
How Much Food Stamps Does John Get?
This example is going to look rather crazy, but we don’t make the rules. This is how it works:
🍎 Jack has money – Jack has $4,000 in the bank. He gets $0 in food stamps.
🍎 Jack has a house – Jack owns a $250,000 house. He spent all his savings and paid off the mortgage. Jack gets $100 in food stamps.
Safe Ways to Spend Money
You are allowed to spend money, or put money in certain types of trusts or accounts, and then apply for food stamps. You are not allowed to give money away.
The specific rules for savings and assets may vary by state. Many states use rules that are similar to the SSI rules. If you would like to get a general sense of how these type of programs work, check out: How Will Savings and Resources Affect My SSI Check?
There are a bunch more food stamps rules and regs it may really help you to know: How to Get Enough Food Stamps to Actually Eat
Updated March 2018. Please comment below with stories, ideas, questions or suggestions. Please let us know if any links on this page stop working.