Food Stamps: 4 Massive Changes Now Coming to SNAP

Food Stamps: 4 massive changes are now coming to SNAP in 2024 according to the latest updates from GoBankingRates.

The Supplemental Nutrition Assistance Program (SNAP) is the largest federal nutrition assistance program, which provides benefits to eligible low-income individuals and families via an Electronic Benefits Transfer (EBT) card.

The U.S. Department of Agriculture (USDA) Food and Nutrition Service oversees SNAP, and according to the Center on Budget and Policy Priorities (CBPP), the program improves food security, offers benefits that enable families to purchase healthier diets, and frees up resources that can be used for health-promoting activities and needed medical care.

“SNAP reduces the overall prevalence of food insecurity by as much as 30% and is even more effective among children and those with [children],” the CBPP notes.

The USDA adjusts SNAP maximum allotments, deductions and income eligibility standards at the beginning of each federal fiscal year.

The fiscal year begins on Oct. 1, and the changes are based on changes in the cost of living — the amount of money needed to support a basic standard of living, according to the department.

In January, SNAP benefits increased, yet, eligibility requirements are also set to change, following the Fiscal Responsibility Act (FRA) signed by President Joe Biden in June.

Some of the changes include:

The FRA gradually increases the age of what the USDA calls “able-bodied adults without dependents” (ABAWD) time limit and adds new groups of individuals who are excepted from the ABAWD time limit.

Prior to September, ABAWDs’ 18 to 50 had work requirements, which included working at least 80 hours a month, participating in a work program at least 80 hours a month or participating in a combination of work and work program hours for a total of at least 80 hours a month.

As of Oct. 1, these work requirements expanded to age 52, and requirements will expand to age 54 starting in October 2024, according to the USDA.

There are some exemptions to the ABAWD work requirements, according to the USDA.

For instance, you are excused if you are unable to work due to a physical or mental limitation, if you are pregnant, if you are a veteran, are homeless, or age 24 or younger and in foster care on your 18th birthday.

You are eligible for SNAP benefits if you do not exceed the following gross monthly income limit — 130% of the federal poverty level — qualifications:

Also Read: Retirees Will Now Receive More Money For Social Security

SNAP Income Eligibility 2024

Market News Today - Food Stamps: 4 Massive Changes Now Coming to SNAP.
Market News Today – Food Stamps: 4 Massive Changes Now Coming to SNAP.

Household Size: 1
48 States, District of Columbia, Guam, Virgin Islands: $1,580

Alaska: $1,973

Hawaii: $1,817

Household Size: 2
48 States, District of Columbia, Guam, Virgin Islands: $2,137

Alaska: $2,670

Hawaii: $2,457

Household Size: 3
48 States, District of Columbia, Guam, Virgin Islands: $2,694

Alaska: $3,366

Hawaii: $3,098

Household Size: 4
48 States, District of Columbia, Guam, Virgin Islands: $3,250

Alaska: $4,063

Hawaii: $3,738

Household Size: 5
48 States, District of Columbia, Guam, Virgin Islands: $3,807

Alaska: $4,760

Hawaii: $4,378

Household Size: 6
48 States, District of Columbia, Guam, Virgin Islands: $4,364

Alaska: $5,456

Hawaii: $5,018

Household Size: 7
48 States, District of Columbia, Guam, Virgin Islands: $4,921

Alaska: $6,153

Hawaii: $5,659

Household Size: 8
48 States, District of Columbia, Guam, Virgin Islands: $5,478

Alaska: $6,849

Hawaii: $6,299

Each Additional Member
48 States, District of Columbia, Guam, Virgin Islands: $557

Alaska: $697

Hawaii: $641

Maximum Allotments – COLA 2024

According to the cost of living adjustments (COLA) for 2024, maximum allotments have increased for the 48 contiguous states and the District of Columbia, Alaska, Guam and the U.S. Virgin Islands.

For instance, the maximum allotment for a family of four in the 48 states and D.C. will be $973, while it will range from $1,248 to $1,937 in Alaska.

The maximum allotment for a family of four will be $1,434 in Guam and $1,251 in the U.S. Virgin Islands.

Meanwhile, maximum allotments for a family of four in Hawaii will decrease to $1,759.

The minimum benefit for the 48 states and D.C. is unchanged from 2023 at $23.

Here are the maximum allotments for SNAP in the 48 contiguous states and D.C. — Oct. 2023 to Sep. 2024 — according to the USDA:

Household size 1: $291

Household size 2: $535

Household size 3: $766

Household size 4: $973

Household size 5: $1,155

Household size 6: $1,386

Household size 7: $1,532

Household size 8: $1,751

Each additional person: $219

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Also Read: New Social Security Benefit Will Now Save Beneficiaries Money

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Market News Today - Food Stamps: 4 Massive Changes Now Coming to SNAP.
Market News Today – Food Stamps: 4 Massive Changes Now Coming to SNAP.

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