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| Name | RAISE to EBT SNAP Food Stamp Benefits 2022 / 2023 Update |
| Video Uploader | Video From Credit Viral |
| Upload Date | This Video Uploaded At 05-10-2022 00:00:08 |
| Video Discription | RAISE to EBT SNAP Food Stamp Benefits 2022 / 2023 Update Each year, the U.S. government calculates the new maximum benefit for food stamp (Supplemental Nutritional Assistance Program, or SNAP) recipients based on inflation. The new Cost-Of-Living Adjustments (COLA) go into effect on October 1 each year and are active through the following year. For Fiscal Year 2023, the U.S. Department of Agriculture Food and Nutrition Service increased allotments for 48 states and Washington D.C., as well as Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Caps and resource limits were also raised to reflect inflation. So, what is the maximum SNAP EBT benefit for 2023? The maximum allotments for SNAP for a family of four have increased as follows, according to the USDA website: 48 states and D.C.: $939 Alaska: $1,172 to $1,819 Hawaii: $1,794 Guam: $1,385 U.S. Virgin Islands: $1,208 The shelter cap values, which is the amount of money SNAP recipients can deduct from their income to determine SNAP benefits, have also risen by $27, up to $624, in the 48 contiguous states and D.C. Maximum shelter deductions in other places have increased as follows: Alaska: $996 Hawaii: $840 Guam: $732 Virgin Islands: $492 Take Our Poll: Are You Struggling To Keep Up With Your Utility Bills? Maximum asset limits have risen to $4,250 for households with at least one family member who is 60+ or disabled and up to $2,750 for all other households. If your household income changes by more than $125 per month, you should report that change. Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider. |
| Category | Education |
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