Individual Development Account (IDA)
(1) An Individual Development Account (IDA) is a trust-like savings account established under P.L. 105-285 designed to help low-income individuals save for specified purposes. The individual makes deposits from their earnings, and these are matched by a combination of government and private-sector funds.
(2) For eligibility determinations in all programs:
(a)Except for SNAP, deposits from the account holder's…#
(a) Except for SNAP, deposits from the account holder's earnings are excluded from gross earned income. For SNAP, the deposit remains countable earned income.
(b)Matching deposits from government and private-sector…#
(b) Matching deposits from government and private-sector funds are excluded from income.
(c)The IDA savings account is excluded from resources.#
(c) The IDA savings account is excluded from resources.