October SNAP benefit increase: FNS officially announces

October SNAP benefit increase FNS officially announces

There are millions of people who get SNAP benefits every month. This money helps them buy healthier food and improves their general health. People in the United States who qualify can get up to $1,751 a month from the Supplemental Nutrition Assistance Program (SNAP), which is also known as “Food Stamps.”

Keep in mind that the amount of SNAP benefits a family gets depends on how much money they make and how much they spend. This means that not every American will get the same payment number.

A new SNAP benefit increase was announced in October

Beginning in October, the US Food and Nutrition Service (FNS) will raise the highest amount of money that SNAP recipients can get. The new rates will be in effect for the whole fiscal year 2025, until the next Cost of Living Adjustment (COLA) is set for the 2026 fiscal year.

These changes will touch 49 states and U.S. territories, but not one. In that state, benefits will go down. SNAP helps low-income families in all 50 states, Washington, D.C., and U.S. regions by giving them important monthly money.

Electronic Benefit Transfer (EBT) cards are used to send help, and these cards can be used to buy food at certain stores. The FNS has released the new rates, but people who receive them won’t notice a change until October 1.

The Food Action and Research Center says that only a third of SNAP members get the full benefit. This shows how important the program is as food prices rise due to inflation. Here is a list of the places where SNAP benefits have changed:

  • Bordering 48 States and Washington, D.C.: The maximum monthly benefit for single people will rise from $291 to $292, an increase of $1. The benefit for a household of four will go from $973 to $975, an increase of $2. Even though these increases are small, they might help if paired with other support initiatives.
  • Alaska: Depending on whether a beneficiary lives in an urban or rural region, the SNAP benefit payments change. A household with one person will receive no more than $377 in metropolitan areas, whereas a household with four people can receive up to $1,258. Benefits are higher in Rural 1 areas; a home with one person can receive up to $481, while a household with four people can receive up to $1,604. The largest advantages are available in Rural 2 zones; a household of one person can receive $586, while a household of four people can receive up to $1,530.
  • Hawaii: SNAP benefit payments in this state will decline as the maximum benefit for single-person families will decrease from $527 to $518, while the maximum benefit for four-person households will decrease from $1,759 to $1,723, saving $36.
  • Guam: SNAP benefit payments in Guam will see a slight increase as the benefit for a four-person household will rise from $1,434 to $1,437, and the maximum for a single person will increase from $430 to $431.
NY SNAP households to get maximum food benefits in October: Hochul
Source mytwintiers.com

What requirements should beneficiaries meet to receive SNAP benefit payments in 2024?

To get money from the Supplemental Nutrition Assistance Program (SNAP), people in the United States who want to apply must meet certain income and resource standards. Here are some details about these requirements:

  1. Gross monthly income: Before deductions, household income must be less than 130% of the poverty level. In 2024, the SNAP poverty level for a three-person household is $2,072/month, or $32,328/year. Poverty rates are higher in large households. The monthly poverty level for a three-person home is $2,694.
  2. Net income: The net household income must be less than or equal to the poverty level (after deductions).
  3. Asset thresholds: Household assets must be $2,750 or less for homes without someone over the age of 60 or disabled, and $4,250 or less for households with someone over the age of 60 or disabled.

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