WAG 07-04-09

The following liquid assets are nonexempt and are used to determine eligibility. These assets include, but are not limited to:

  • cash on hand,
  • checking or savings accounts,
  • credit union accounts,
  • savings certificates,
  • stocks or bonds, and
  • lump sum payments (considered available starting in the month of receipt, unless exempt under Federal Law).
    • new textFederal tax refunds received after December 31, 2009 are exempt as an asset. For non-categorically eligible SNAP units that report receipt of a Federal tax return, ask the unit what amount they received and subtract the refund from the total amount of assets prior to comparing to the asset limit.
    • new textState income tax refunds are exempt for SNAP units that are categorically eligible.  For non-categorically eligible SNAP units, consider the State tax refund as a nonexempt asset in the month following the month of receipt.

Note: The assets of a categorically eligible SNAP unit are exempt (See PM 05-07-00).