In this article, we shall cover how Food Stamps Calculator works and how much food stamps will you receive if your food stamps application is approved. So, by the end of this article, you should be able to know how to calculate your benefit amounts, based on your household income and every other important eligibility criteria. Therefore, in order to determine how much you will receive in food stamp benefits if you are eligible, keep reading to get the full insight.
For you to know how much in Food Stamps you receive is associated with your household income and the number of allowable deductions you have. In order to be eligible and approved of food stamps benefits, a household’s income and resources must meet three tests which include:
Gross monthly income: Household’s income before any allowable deductions is applied. Furthermore, the income must be at or below 130 percent of the poverty line.
Net income: A household’s income after allowable deductions is taken out. The amount must be at or below the poverty line.
ALSO READ: What Are Eligible Food Stamps Items?
Assets: All assets belonging to the household must fall below certain limits. A household without an elderly or disabled must have assets of $2,250 or less, to qualify for food stamps.
In order to know what will be counted as assets during your food stamps application, kindly consult with your state specific guidelines. You may contact with your state’s food stamps agency through here.
Food Stamps Income Limit: Households who are applying for food stamps must meet the income limit. Unless members are receiving TANF, SSI, or other cash assistance from the federal government or state. You can read our previous article on food stamp income limit for more insight. Or you check out this article about food stamp/snap income guideline. From there, you should be able to know your household food stamp income limit.
Food Stamps Calculator
Having known the food stamps eligibility criteria, you can proceed to use the food stamps calculator to calculate how much food stamps benefits you will receive. To proceed, let’s see the maximum benefit a household could get.
This maximum monthly benefits and the estimated average benefits are set by the United States Department of Agriculture. So see below, a data compiled by the Center on Budget and Policy Priorities (CBPP) using USDA information.
From the above information, you will see that a household of one, gets a maximum food stamps benefits of $192, but the average is $134, which broken down is $4.5 a day on average.
Once more, a household of four get $642 of maximum benefits, but the average amount is $465, which when broken down is $15.5 a day on average to help them purchase food.
How Much Food Stamps Will I Receive?
Currently, the example below from the Center on Budget and Policy Priorities (CBPP) will help you calculate how much benefits you are likely to receive.
The above information shows how much benefits a family of 3 with one full-time, minimum-wage worker, two children, dependent care costs of $67 a month, and shelter costs of $927 per month will receive.
I strongly believe that this post really helps you calculate your own benefit amount. For more questions about the food stamps calculator, or if you have trouble calculating how much in benefits you will receive, kindly use the comments section to let us know. Also, remember to share this article with your friends on your social media.