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Personal Net Worth (PNW) Cap

Personal Net Worth Cap $2,047,000 (effective May 9, 2024) 

Previous Cap: $1,320,000

The Department will adjust the PNW cap by May 9, 2027  by multiplying $1,600,000 by the growth in total household net worth since 2019 as described by “Financial Accounts of the United States: Balance Sheet of Households (Supplementary Table B.101.h)” produced by the Board of Governors of the Federal Reserve (, and normalized by the total number of households as collected by the Census in “Families and Living Arrangements” ( to account for population growth.

The Department will adjust the PNW cap every 3 years on the anniversary of the initial adjustment.