I- 864 Questions

[trailmix 77]

You may also be able to use assets to make up for a deficit.

Example...

You and your wife = a household of 2. So under the 2008 poverty guidelines, 125% would be $17,500

So let's say your tax return says you made $12,500 last year. That leaves you with a deficit of $5,000

You would need to show assets in the amount of (5 x $5,000) $25,000 in order to make up for the deficit.

The net value of your real estate can be used, but cars can only be used if you can prove that you have more than one car,

and at least one car is not being used as an asset.

Yeah, there's lots of poor self-employed people in this world.

Hope this year is better for you.

Hi Ling Ling,

You have the wrong information there. Because this person is sponsoring their spouse, they only require 3 x the deficit - not 5 x the deficit - from the I-864, page 9, item 29:

In order to qualify based on the value of your assets, the total value of your assets must equal at least five times the difference between your total household income and the current poverty guidelines for your household size. However,if you are a U.S. citizen and you are sponsoring your spouse or minor child, the total value of your assets must only be equal to at least three times the difference.