Every year the U.S. government calculates the new maximum benefit for SNAP recipients based on inflation
The new 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
As per the USDA website the maximum allotments for SNAP for a family of four have increased
48 states and D.C. - $939, Alaska - $1,172 to $1,819, Hawaii - $1,794,Guam - $1,385 and U.S. Virgin Islands - $1,208
The shelter cap values for SNAP recipients can deduct from their income to determine SNAP benefits
SNAP benefits risen by $27, up to $624, in the 48 contiguous states and D.C.
Maximum shelter deductions in other places have increased as Alaska- $996,Hawaii - $840,Guam - $732 and Virgin Islands -$492
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
How to apply for student loan forgiveness and when key details Here
How to apply for student loan forgiveness and when key details Here