How much money do I need for my assets for my I-864 form?

Asked about 1 year ago - Chicopee, MA

My latest income tax does not exceed the Poverty Guideline. My latest income tax was $23,200. The poverty guideline for my household (a household of three) is $24,412. I was told that I need three times the difference of the Poverty guideline and my latest income tax in a bank account. How much would I need?

Attorney answers (6)

  1. Jennifer Wang

    Pro

    Contributor Level 13

    6

    Lawyers agree

    Answered . I advise that you try to obtain a joint sponsor, who does not have to be a family member or relative. He/she shall be a U.S. citizen or with permanent residency status.

    J.W.LAW, Office locations: Quincy & Worcester, MA, New York Tel. 617.221.3030 If you find the attorneys'... more
  2. Giacomo Jacques Behar

    Pro

    Contributor Level 20

    7

    Lawyers agree

    Answered . What you really need is to secure a co-sponsor to file another Affidavit of Support supplementing yours .

    Behar Intl. Counsel 619.234.5962 Kindly be advised that the answer above is only general in nature cannot be... more
  3. Jorge Ivan Pardo

    Contributor Level 13

    5

    Lawyers agree

    Answered . You need the difference times 5 in cash or equity. To be safe, get a co sponsor.

  4. Olesia Gorinshteyn

    Contributor Level 12

    5

    Lawyers agree

    Answered . If you need to include your assets, the net value has to be 3 times (if you sponsoring a spouse or a minor child) or 5 times (if sponsoring other relative) the difference between your household income and poverty guidelines.

  5. Christine Swenson

    Contributor Level 13

    4

    Lawyers agree

    Answered . The combination of your income and assets need to meet 125% of the poverty guidelines. Any assets you use in completing your I-864 will be less any money owed on those assets.

  6. J. Thomas Smith Ph.D.

    Pro

    Contributor Level 20

    2

    Lawyers agree

    Answered . I agree with my colleagues.

    Law Offices of J Thomas Smith J.D., Ph.D 11500 Northwest Freeway, Suite 280 Houston, TX 77092 713-LAWYER-2 www.... more

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