Page 6

TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP The Assets for Independence Act (AFIA) provides for IDAs to be established under: ● Head Start; ● Low Income Home Energy Assistance (LIHEA); and ● Community Services. EXEMPT (while the individual is participating in the IDA program):  Any earned income deposited into an established IDA by the household;  Matching funds deposited into an established IDA; and  The interest accruing on the matching funds. Earned income deposited into an IDA is budgeted when determining eligibility and benefit amounts for the month received. Once the earned income is deposited into the IDA, the funds are excluded resources. An individual, whose participation in the IDA program has terminated, voluntarily or otherwise, would no longer be covered by the exemption. 533.4 Tax-Preferred Education Accounts Exempt all tax-preferred education accounts including Qualified Tuition programs described in Section 529 of the Internal Revenue Code of 1986 and Coverdell education savings accounts under Section 530 of the same code. This includes the Nevada Prepaid Tuition Program and the UPROMISE College Fund 529 Plan. 533.5 Crowdfunding Accounts Crowdfunding websites such as GoFundMe, KickStarter, and Indiegogo are online platforms that allow individual donors to fund specific campaigns such as charity, individuals in need, projects and business ventures. There are two basic ways that funds are accessed: Either at any point during the campaign or the accountholder must wait until the campaign is finished., The determination for how crowd accounts are factored for SNAP or TANF eligibility decisions depends on when the funds become available to the account holder. Information on how the funds are accessed must be elicited from the customer at the interview. The funds become a countable resource when they are available. Count the actual value of accessible funds to household at the time of interview. A-533.3 Division of Welfare and Supportive Services RESOURCES Eligibility and Payments Manual Individual Development Account (IDA) MTL 06/24 Nov 24