PM 07-01-01: Asset Limits

WAG 07-01-01

The asset limits apply to nonexempt assets only. The asset limits for TANF are based on the number of people in the assistance unit. The asset limits are:

• one person - $2000;
• 2 persons - $3000; and
• 3 or more persons - $3000 for the first 2 people, plus $50 for each additional person.

Apply the total amount of available nonexempt assets to the asset limit for the unit size.

If total nonexempt assets exceed the asset limit, the case is ineligible for Cash assistance.

There are no asset limits for FamilyCare Assist or any of the All Kids programs.