SNAP benefit increase in October – Official announcement from FNS

According to Lagradaonline, Starting October 1, 2024, the Supplemental Nutrition Assistance Program (SNAP), commonly known as ‘Food Stamps,’ will see an increase in maximum benefit amounts for most recipients. This adjustment, announced by the United States Food and Nutrition Service (FNS), will affect SNAP payments throughout the fiscal year 2025 until the next Cost of Living Adjustment (COLA) for fiscal year 2026. While these changes will benefit 49 states and U.S. territories, there will be a reduction in benefits for one state.

SNAP provides crucial monthly financial assistance to low-income households across all 50 states, Washington, D.C., and U.S. territories, helping them purchase nutritious food. The revised benefit rates will be delivered via Electronic Benefit Transfer (EBT) cards, usable at approved retailers. The new rates will take effect on October 1, 2024.

Benefit Increases by Location

• Bordering 48 States and Washington, D.C.: The maximum monthly benefit for individuals will rise from $291 to $292, an increase of $1. For a household of four, the benefit will increase from $973 to $975, an additional $2. Although these increments are modest, they may provide some relief when combined with other support initiatives.
• Alaska: SNAP benefit amounts vary by region. In metropolitan areas, a single-person household will receive up to $377, while a four-person household can get up to $1,258. In Rural 1 areas, benefits increase to $481 for individuals and $1,604 for four-person households. The highest benefits are in Rural 2 zones, where a single person can receive $586 and a household of four can get up to $1,530.
• Hawaii: SNAP benefits will decrease slightly. The maximum for a single-person household will drop from $527 to $518, and for a four-person household, it will decrease from $1,759 to $1,723, resulting in a $36 reduction.
• Guam: SNAP benefits will see a minor increase. The maximum benefit for a four-person household will rise from $1,434 to $1,437, and for a single person, it will increase from $430 to $431.

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Eligibility Requirements for SNAP Benefits in 2024

To qualify for SNAP benefits, applicants must meet specific income and resource requirements:

• Gross Monthly Income: Household income must be below 130% of the poverty level before deductions. In 2024, the poverty level is $2,072 per month for a three-person household, or $32,328 annually. For larger households, the poverty level is higher, with a three-person household having a monthly level of $2,694.
• Net Income: After deductions, the net household income must be at or below the poverty level.
• Asset Thresholds: Households without a member over the age of 60 or disabled must have assets of $2,750 or less. For households with a member over 60 or disabled, the asset limit is $4,250 or less.