The sponsor’s current individual annual income is the total income amount the sponsor expects to report on his/her U.S. Federal income tax return at the end of the current year. This income is called “total income” on IRS Form 1040, or “adjusted gross income” on IRS Form 1040EZ.
What is current income on i864?
The I-864 in Part 6, line 5, asks the sponsor to indicate his or her “current individual annual income.” This phrase is key and every word is significant. “Current” means what he or she anticipates earning this calendar year.
How is household size I-864 calculated?
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.
How is Affidavit of Support calculated?
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).
Who needs to file I-864?
This affidavit is required for most family-based immigrants and some employment-based intending immigrants to show that they have adequate means of financial support and are not likely to become a public charge. How is Form I-864 Used? This affidavit is a contract between a sponsor and the U.S. Government.
Who is exempt from filing form I-864?
You are not required to submit Form I-864 only when: You have or are credited with 40 quarters of covered employment. You are a self-petitioning widow or widower. You are the child of the battered spouse of a US citizen or the battered spouse of US citizen.
