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Resources (Rules on resource limits)Households may have $2,000 in countable resources, such as a bank account, or $3,000 in countable resources if at least one person is age 60 or older, or is disabled. However, certain resources are NOT counted, such as a home and lot, the resources of people who receive Supplemental Security Income (SSI), the resources of people who receive Temporary Assistance to Needy Families (TANF) (formerly AFDC), and most retirement (pension) plans. Licensed vehicles are NOT counted if they are:
For the following licensed vehicles, the fair market value over $4,650 is counted:
For all other vehicles, the fair market value over $4,650 or the equity value, whichever is more, is counted as a resource. |
Accessibility | Privacy/Security | Nondiscrimination | USDA | Last Modified: 05/20/2003 |