The federal government of the United States calculates the new maximum benefit for food stamp (Supplemental Nutritional Assistance Program, or SNAP) recipients based on inflation each year.
The new Cost-Of-Living Adjustments (COLA) take effect on October 1 of each year and are in effect until the following year. The United States has proposed a budget for Fiscal Year 2023. The USDA Food and Nutrition Service increased allotments for 48 states and Washington, D.C., as well as Alaska, Hawaii, Guam, and the United States. The British Virgin Islands. Caps and resource limits were also increased to account for inflation.
SNAP Benefit Allotments Have Been Increased For 48 States In 2023(Photo: https://savingtoinvest.com/)
How much SNAP EBT Benefit Can You Get In 2023?
According to the USDA website, the maximum SNAP allotments for a family of four have increased as follows:
- 48 states and D.C.: $939
- Alaska: $1,172 to $1,819
- Hawaii: $1,794
- Guam: $1,385
- U.S. Virgin Islands: $1,208
In the 48 contiguous states and D.C., the shelter cap values, which are the amounts of money SNAP recipients can deduct from their income to determine SNAP benefits, have also risen by $27, to $624. Other states’ maximum shelter deductions have increased as follows:
- Alaska: $996
- Hawaii: $840
- Guam: $732
- Virgin Islands: $492
Maximum asset limits have been increased to $4,250 for households with at least one family member who is 60 or older or disabled, and to $2,750 for all other households. If your monthly household income changes by more than $125, you must report the change.
Related Article: SNAP Benefits: Frequently Asked Questions
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