When Will I Get My Food Stamps Increased?
How Much Can I Expect to Get in Food Stamps with the COLA Increase?
According to Vibes, Millions of Americans are waiting for a special increase in their benefits. This increase is called the Cost of Living Adjustment (COLA). The good news is that people who get Food Stamps will get the increase first. The Food Stamp amounts will change on October 1, 2024.
The amount of Food Stamps a person gets depends on how many people are in their household. For example, one person can get up to $291 and a family of eight can get up to $1,751. If the COLA increase is 2.63%, a family of four might get $998, and a single person might get $298.
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How Does the Government Calculate Food Stamp Amounts?
To figure out how much Food Stamps a household gets, the government looks at how many people are in the household and how much money they have left over each month after paying for basic things. The government also subtracts some costs like childcare and medical bills from their income. When the new Food Stamp amounts are announced, people will know exactly how much they will get each month.
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