Affidavit Remove Calculations For Free

The most common minimum annual income required to sponsor a spouse or family member for a green card is $21,775. This assumes that the sponsor the U.S. citizen or current green card holder is not in active military duty and is sponsoring only one relative.

Q: What assets can be used? A: Any type of asset can be used if it is readily convertible to cash within a year. Liquid assets, such as savings deposits, stocks, bonds, and certificates of deposit will be viewed most favorably because they would be most accessible for the support of sponsored immigrants.

8. What amount of assets required for I-864 sponsorship? The total net cash value of assets must equal five times the difference between the sponsor's (or joint sponsor's) income and 125% of the poverty level for the household size.

The household size is calculated by including all of the below:The sponsor (yourself).Your spouse, if you are currently married.Your dependent unmarried children under the age of 21 years.Any other dependents listed on your most recent federal income tax return, even if that person is not related to you.More items...

To determine the amount of assets required to qualify, subtract your household income from the minimum income requirement (125% of the poverty level for your family size). You must prove the cash value of your assets is worth five times this difference (the amount left over).

What can be used as assets? Financial sponsors can only include assets that are convertible into cash within one year and without considerable hardship or financial loss to the sponsor and his/her family. Examples of assets easily convertible to cash are savings, stocks, bonds and property.

The household size is calculated by including all of the below:The sponsor (yourself).Your spouse, if you are currently married.Your dependent unmarried children under the age of 21 years.Any other dependents listed on your most recent federal income tax return, even if that person is not related to you.More items...