Finance Tuitor Financial Information Blog
How are food stamps benefits calculated? That’s a great question – and one that you need to understand if want to get MORE food stamps. This video is part one of two, so don’t miss out on our follow-up video about how to get more food stamps in the coming year!
#EBT #foodstamps #benefits
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—CHAPTERS—
00:00 How are food stamps benefits calculated?
00:24 They Expect 30%
00:48 How to Calculate Net Income
01:00 Add All Income
01:43 Determine Max Benefit
02:03 What about EBT Emergency Allotments?
02:28 Calculate Deductions
04:52 Net Income
05:06 How it Works for Sarah’s Family
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Low Income Relief is a free information service that connects low income people across America with benefits, programs and resources in their local communities. Basically, we help millions of people save money and get free stuff every year!
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How are food stamps benefits calculated?! If you’ve ever been frustrated because you don’t get enough to get by, this is something you really need to understand. Knowing how they do the math can help you get more food stamps, which is what we’ll be discussing in our next video.
I’m Nicole from Low Income Relief, where we help millions of people save money and get free stuff.
The entire food stamps system is built around the idea that every household should contribute about 30% of their net income on food, even when they’re receiving food stamps, so the USDA sets a maximum benefit for each household size and then they subtract your expected 30% contribution to determine your total benefit amount.
That part is easy. It’s how they calculate your net income and determine your contribution that is really interesting and complicated. A lot of mistakes are made in this section that can cause you to receive less than you should.
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