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Title 7: SNAP Table of Contents Chapter D: Resources Revised September 27, 2024 Page 1 Page Iowa Department of Health and Human Services Employees’ Manual Overview .................................................................................................................................... 1 Resource Limits ........................................................................................................................ 1 Countable Resources ............................................................................................................... 1 Whose Resources to Count ................................................................................................ 2 What Resources to Count .................................................................................................. 3 Liquid Resources ........................................................................................................ 3 Nonliquid Resources .................................................................................................. 4 Nonrecurring Lump Sum ............................................................................................ 4 Recreational and Vacation Property ........................................................................... 4 Verifying Resources ........................................................................................................... 4 Joint Ownership .................................................................................................................. 5 Commingled Funds ............................................................................................................ 6 Determining the Equity Value of a Resource ...................................................................... 6 Excluded Resources ................................................................................................................ 6 Achieving a Better Life Experience (ABLE) Accounts ........................................................ 6 Burial Plot ........................................................................................................................... 6 Burial Trusts ....................................................................................................................... 6 Cafeteria or Flexible Benefit Plans ..................................................................................... 7 Conservatorship Funds ...................................................................................................... 7 Crime Victims Payments .................................................................................................... 7 Current Month’s Income ..................................................................................................... 7 Deferred Compensation Plans ........................................................................................... 7 Disaster and Emergency Assistance Payments ................................................................. 8 Earned Income Tax Credit (EITC) ...................................................................................... 8 Education Accounts ............................................................................................................ 9 Education Assistance ......................................................................................................... 9 Energy Assistance Payments ............................................................................................. 9 Funeral Agreements ........................................................................................................... 9 Gift Cards (Store-Specific) .................................................................................................. 9 Homestead ......................................................................................................................... 9 Household Goods and Personal Effects ........................................................................... 10 HUD Family Self-Sufficiency Program .............................................................................. 10 Inaccessible Resources .................................................................................................... 10 Indian Gambling Operations ............................................................................................. 11 Indian Tribal Land ............................................................................................................. 11 Indian Tribal Judgment Funds .......................................................................................... 11 Individual Development Accounts (IDA) ........................................................................... 12 Installment Sales Contracts .............................................................................................. 12 Leased Vehicles ............................................................................................................... 12 Life Insurance Policy’s Cash Value .................................................................................. 12