Using assets to meet income requirements - Affidavit of Support | Takhsh Law, P.C.
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- Опубліковано 8 гру 2022
- Hello, thanks for watching our video about the Affidavit of Support and using assets to meet income requirements.
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Hello, I'm the petitioner and sponsor. I started working September of 2023 so I have not worked a full year hence why in my taxes it wont show sufficent income. With what I get paid I would make 24k in a year. Can I use an employee letter to show that I would make this in the future. Its the future that counts right? Not the past
A letter from your employer (indicating your start date, position, hours/week, pay/hour or salary), along with your paystubs for the last 6 months, may prove sufficient. As added insurance, I would consider obtaining a joint-sponsor to help cross the required financial threshold.
I am US citizen apply I130 for my wife she is oversees & this year I’m shorts $ 931 for gov poverty guidelines 2023 but I can prove almost $30,000 in my saving and checking account. It’s ok use my asset income to supplement or it’s better recommended other co- sponsor.
Dave, based on the limited information provided, you appear to be eligible to use your assets to bridge the gap necessary to financially sponsor your spouse. Having a joint sponsor as a back-up is recommended though (just to be on the safe side). Good luck!
I am a petitioner for my mother, and I dont have enough income for family of 4 ( including my mother) I have a house with equity and some saving. How do I show the poof of assets to the immigration officer? Also , once they asked for a join sponsor, and then in the follow up email they said only send your recent tax transcript! I am confused what they need?
Some questions are straightforward and some require more extensive analysis, and yours falls under the latter category. I suggest you schedule a consultation with us to review your case. You can reach out to me personally at alen@takhshlaw.com, if so inclined.
Thank you for this very informative video. In order to show assets on the i-864 form do i just show 12 month bank statements and send those in with the form? I dont need to fill out any other forms do I?
A letter from your bank showing your current balance would also be helpful; no other forms need to be completed.
@@immicounsel 🙏
do they take the average of 12 months balance of the bank account or they just count the final balance in the account.
Only the 12-month average balance in your saving and/or checking account can be included.
i have shortoff($190) i want to use my property deed to make up the shortoff by 3 times , is deed enough or do i need to submit appraisal of the property house? tx
Submitting an appraisal, along with your deed, would be helpful in avoiding a possible Request For Evidence.
Does The Consul Officer accepts asset on the day of the interview? I was dq and receive an fe note requiring me to have joint sponsor. I submitted proof of assets. Pls advise
Phil, thank you for your question! In order to avoid discussing details of your case publicly, please feel free to email us at alen@takhshlaw.com. Thanks again!
Did you resolve your case ? I don’t have a joint sponsor and we are afraid to have the same problem …
hello great video i just wanted to ask something real fast. the sponsors income of 2022 does it only apply to the poverty guidelines of 2022. Like in 2023 the poverty guidelines has gone up but my income for 2022 only barley covers the poverty requirements for 2022. Do they look at the poverty guideline that match the same year as you tax return or do they go by the most recent (2023) poverty guideline.
It is best to answer your question by way of an example: The 2023 Poverty Guidelines would apply to your total income in 2023 (as proven by way of paystubs, assets, etc.), and the 2022 Federal Tax Return would be required (while the 2021 and 2020 Federal Tax Returns would be optional).
If the petitioner (US citizen) doesn’t have any income (due to disability from injury) but the intending immigrants makes over $90k a year from lawful source using valid EAD, of which the employment will continue after the green card is obtained, would it be ok not to have joint sponsor or include assets on I-864? (for household of 2)
In this instance, a joint-sponsor will not be needed.
My wife is trying to bring her mom to the USA, we don’t work for anyone we own a business well since 2021, 2022 ,2023 he name was on our company however in 2023 we decided to bring a partner into the business and I had to take her name out so now she is a joint on my tax return but with no income. But we have enough assets and enough income on our tax return but it’s only my income so that mean she will be a non employed then use me with i864A with my income and if the income is not enough then we use the assets ? Or should I just be the only sponser and don’t make her fill any 1864 at all ?
Your will need to complete an I-864 no matter what, and she will have to provide her federal tax returns (preferably tax transcripts) as supporting documents. Since she will be showing no income, she can use you, a household member, by way of I-864A. If you show enough income, there should not be any need for inclusion of assets.
Please note that none of the above should be construed as legal advice or create an attorney-client relationship. The answers provided are merely for informational purposes. You are encouraged to meet and fully discuss your specific circumstances with a qualified immigration professional.
Hi ! I want to sponsor my mom for a green card but my income on the recent tax year isn’t meet the income requirement. My family size would be 3 (me, my mom and my daughter)
What’s the chance that she’ll get approved if I use my saving for assets ? Would that be enough or would uscis might ask me for a joint sponsor ? Thank you
This is an impossible question to answer without looking at your federal tax returns and your current income and assets. If you wish you have your case fully evaluated, then you can schedule an appointment with us here: calendly.com/takhshlaw/consultation. In the meantime, I wish you all the best.
I own my own home and a rental property both commercial plus mutual funds over 100 000. Would that be enough proff
Should be! A deeper analysis is warranted though. 🙏🏻
My visa category is IR-1. Regarding the affidavit of support, my wife's income was $48,XXX for 2022 and $68,XXX for 2023. She lives in Illinois, and our household includes three family members, plus my wife and me, making a total of five members. Considering these details, does she need to add a joint sponsor, or is her income sufficient according to the guidelines? Can you please help guide me on this matter?
Your wife's 2023 income is sufficient for a family of 5 to sponsor you; no joint-sponsor needed.
@@immicounsel Thank you 🙂
Can you use a car as an asset?
You may not include the value of your automobile, unless you can show that you have more than one and the primary automobile is not included as an asset.
Hi! Can you please asess us if we are good to go or not. My husband's annual income for 2023 is $25,000 and a total household of 2. And he added 10k for his savings bank account, do we need to get a co-sponsor or no? Thank you in advance atty. ☺️
The 2024 federal poverty guidelines for a household of 2 is $20,440. 125% of $20,440 is $25,550. $25,550 minus $25,000 is $550. $550 times three is $1,650. $10,000 is well above $1,650. Therefore, under the regulations, his income of $25,000 plus $10,000 savings SHOULD be sufficient. That being said, the government can, and often does, push back and demand more convincing evidence of financial sponsorship. Therefore, I would suggest getting a joint sponsor; just to be on the safe side. Good luck!
Note: This does not constitute legal advice. This response has been posted for informational purposes only.
Hello and thanks for the video. USCIS kicked back the I-864 for my immigrant wife with a RFE based on my income. Even though my social security income in considerably above the 125% poverty level it is not reflected as Total Income on the 1040. I don't have a joint sponsor so I need to go the Assets route. Do you think it's possible to get this approved based on a zero 1040 income level and solely using assets (I own my home and have an IRA)?
It is technically/legally possible to get your I-864 approved based solely on your assets. That being said, sometimes USCIS does (erroneously) push back. As such, a joint-sponsor is a good insurance policy.
@@immicounsel Thank you very much for the response.
Just a quick clarification please. Are you saying in my case it's best not to go with assets for the full income amount but rather find a joint sponsor OR are you saying go with the assets first and if application gets rejected find a joint sponsor to re-apply with? Thanks again.
@@chuckallen9012 Since USCIS has already kicked back the I-864 once, I would err on the side of caution and get a joint-sponsor now.
@@immicounsel Thank you very much for your advice.
How can I use my Crypto in a Trust Wallet to prove assets? It's not like they send statements or something, but it certainly is an asset.
Given the volatile nature of crypto assets, USCIS may not accept them for I-864 purposes. My apology, as I cannot provide a definitive answer.
I am the petitioner. I made about 75k last year. I have a 401k and a Roth IRA. My problem is that i dont have much in my checking or savings. I probably have about 3k for both accounts. Would this be a problem or beings i met the poverty guidelines, it would be ok to still get approved ?😊
You should be good! 👌🏻
@@immicounsel ok thanks. Also, do I still need to fill out the asset part on the i134 form?
There is no need to include additional information if you meet the FPG.
@immicounsel thank you so much!! I appreciate it!!
Pls i have gone for my interview and was asked to get a joint sponsor, but my wife income for 2022 that was required was $25485 which is above $16000 that was required why do i still need a sponsor?
Thank you for your question. You could have been asked to provide a joint sponsor for a number of reasons, depending on your household number, the poverty guideline for your household number and the dollar amount that corresponds to 125% of your poverty guideline. Unfortunately, I cannot comment on your specific case without fully vetting it. You are welcome to schedule a meeting with my office me to go over why that occurred.
I am the petitioner I made 7000 in 2022 year but in 2023 my income will be more than 45000 and I have 2 dependents however my dad made 100k in 2021 and he owns property of 135k but he made 24000 in 2022 can he be a sponsor for my husband?
Your father's assets in the amount of $135k could bridge the gap as a joint sponsor, but a deeper analysis would be warranted. I encourage you to meet with a trusted immigration attorney to take a deeper look at the details of the case.
Hello Sir!Good day to you! We recieved Request Of Evidence for our Adjustment of Status.My husband has 3 seperate properties (1.apartment rental..and 2 is the house}Do we neeed to add all of that to satisfy them,That my husband is capable of taking care of me,anyway he is a retired already and he is recieving ss pension and his 401k .Thanks you sir
A closer analysis of your husband's finances is necessary for me to provide guidance. You can schedule your consultation with me here: calendly.com/takhshlaw/consultation.
Can u please help me understand if i qualify to get my spouse here. I have a total of 6 dependents which comes out to about 52,000. Last year i only made 25,000. How do i calculate the 125%. I have assets to off set it.. $145,000 paid house, 47000 in savings. Please help me understand how to calculate if i qualify. And if needed inhave a classic antique car worth about 65,000 if need but hope i can just qualify with my home, savings and income....please respond thx so much.
Btw, if i need to use the car to add to the asset how does that work? Do i just submit title and pictures or what?
Some questions are straightforward and some require more extensive analysis, and yours falls under the latter category. I suggest you schedule a consultation with us to review your case. You can reach out to me personally at alen@takhshlaw.com, if so inclined.
Thank you so much for your help! Much respect to you. You helping me answer my questions means alot to me. I highly recommend his service. ❤
@@Uneedacut Thank you! A pleasure speaking with you, too. 🙏
I have another question? I rather call u but will wait for ur response here to do so. I just received email stating they will contact with an interview date. But in one of the documents that all has been approved states a note at the bottom that my income doesn't meet the requirements and that I will need a sponsor...and then said I need show proof of assets. Or is this protocol?
I submitted assets to the nvc as some of the documents that showed I could upload. so are they requesting I submit it again with an explanation I'm using my assets to supplement the income to help them understand Im using assets cause I dont have any sponsor? I'm confused.
Also, we filed in 2023 does the poverty guidelines for that year get used or do they now use the 2024 guidelines which has even went up higher from what we spoke about before. Hope I can call u for little of ur time. Sorry and thx again.
@@Uneedacut nice speaking with you, and best of luck!