MORE Food Stamp, SNAP & EBT Payments Are Coming

Find out about the more snap, food stamps and ebt payments are coming in 2022. Back in 1933, during the height of the Great Depression, the Supplemental Nutrition Assistance Program (SNAP) was built out as part of the Agricultural Adjustment Act. The purpose of the ebt program was to support farmers, who were struggling to stay afloat when burdened with excess supply and diminished demand. The Fed ebt bought farm commodities at a discounted rate and distributed them among those in need. Nearly 100 years later, SNAP food stamp is the largest federal food assistance program in the U.S, with 1 in 7 Americans enrolled. In light of the pandemic, which has exacerbated ebt food insecurity and poverty, SNAP’s food stamp benefits were substantially increased last October, under the reevaluation of the U.S. Department of Agriculture’s Thrifty Food Plan (TFP).“SNAP food stamp allotments will be increased for [Fiscal Year] 2022 by the USDA, according to a memo,” said Yvette D. Best, author, tax coach and owner of Best Tax Solutions LLC. “Maximum allocations will be increased for the 48 contiguous states, Washington D.C., Alaska, Hawaii, Guam and the United States Virgin Islands. ”If [beneficiaries] live in the 48 contiguous states and Washington, D.C., families of four will receive a maximum of $835,” Best said. “A family of four will receive a maximum of $1,074-$1,667 in Alaska; a family of four will receive a maximum of $1,573 in Hawaii; a family of four will receive a maximum of $1,231 in Guam; a family of four will receive a maximum of $1,074 in the U.S. Virgin Islands.”

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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