WAG 07-04-09-a: Income Mixed with an Asset

PM 07-04-09-a

When a client receives income and deposits the money in a bank account it is not an asset for the month of receipt. Budget it as income. Any part of the money remaining in the account for the following month becomes an asset.

NOTE: The assets of a categorically eligible SNAP household are exempt (see PM 05-07-00), unless the household receives substantial lottery or gambling winnings as a cash prize of  more than $4,250 (see PM 07-04-21).