What is the asset limit?

Produced by Massachusetts Law Reform Institute
Reviewed March 2019

What if I have a car or own a home?

You can only get TAFDC if your household has $2,500 or less in assets. Assets are things like bank accounts, cash and other property. The home you live in, your furniture and personal belongings, do not count.  If you own a car, the first $15,000 of its value does not count.

Example: Marie’s car is worth $16,000. DTA does not count $15,000. $16,000 - $15,000 is $1,000 So, DTA counts $1,000 of her car as an asset.

See What assets count? in the TAFDC Advocacy Guide for more information about assets that count and assets that do not count.

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