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MS 5050

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Volume 2 - Supplemental Nutrition Assistance Program (SNAP) MS 5050 – R. 5/15/25 – OMTL – 671 Countable Resources

Do not count the current month's income as both income and a resource. For example, if the current month's income is deposited into a bank account, deduct that amount from the account to determine the actual account balance.

The following resources are counted for households that are not Categorically Eligible (CE) or Expanded Categorically Eligible (ECE):

A. Cash on hand;

B. Checking account;

C. Savings account;

D. Certificates of deposit minus any penalty for early withdrawal;

E. Stocks;

F. Bonds;

G. Cryptocurrency such as Bitcoin, Doge, etc.

H. Any vacation pay of a laid-off employee that is paid to them at the time of layoff. If the vacation pay is withdrawn in one payment, the money is considered a lump sum payment. If the member receives the vacation pay in more than one payment, the pay is considered income.

I. Resources of a household member disqualified from program participation are counted in their entirety to the household minus allowable resource exclusions.

J. Resources of ineligible immigrant household members are counted in their entirety to the remaining household members

K. Funds received from Crowdfunding accounts, such as GoFundMe, Kickstarter, and Indiegogo, are considered liquid resources. The actual value of the accessible funds is counted.

L. Lottery or gambling winnings paid as a non-recurring lump sum are countable resources. Lottery or gambling winnings paid on an annual basis are considered unearned income; See MS 5000.

M. Money accumulated from attendant care payments to pay withholding taxes;

N. All loans, except educational loans with deferred repayment. Educational loans with deferred repayment are excluded until repayment begins;

O. Equity Lines of credit once accessed; and

P. First Time Home Buyers Credit payment.