I-864 annual income

[portorusa 431]

Which figure to report on I-864 as "individual annual income": GROSS pay or W-2 wages?

[ahm12 83]

21 hours ago, portorusa said:

Which figure to report on I-864 as "individual annual income": GROSS pay or W-2 wages?

Write you annual salary. 

[geowrian 22,335]

Wages per paycheck * #paychecks per year.

 

If you earn $10/hour and work 40 hours a week for all 52 weeks, then this would be $10 * 40 * 52 = $20,800

[portorusa 431]

There are two figures on my Tax statement as my annual income, GROSS and NET, and the difference is about 9,000.

I am bringing my husband and his stepson on CR1/2, plus I had signed I-864 as a co-sponsor for a friend 5 years ago (that greencard holder is not a US citizen yet) and I want to be sure that my income is enough to sponsor my family.

[geowrian 22,335]

6 minutes ago, portorusa said:

There are two figures on my Tax statement as my annual income, GROSS and NET, and the difference is about 9,000.

I am bringing my husband and his stepson on CR1/2, plus I had signed I-864 as a co-sponsor for a friend 5 years ago (that greencard holder is not a US citizen yet) and I want to be sure that my income is enough to sponsor my family.

You're confusing current annual income with tax returns.

 

Current annual income for an employee is how much you earn in a 12 month period.

As in the example above, that would be $10/ hour * 40 hours/week * 52 weeks/year = $20,800/year for an hourly employee

If you are salaried, then it's even simpler...just enter the annual salary

 

There is also a separate question on the I-864 asking about the last 3 years of tax returns. For that you would copy the incomes from the 1040 directly (total income for 1040, AGI for 1040EZ).

Edited January 30, 2019 by geowrian

[portorusa 431]

So that makes it GROSS then, BEFORE all the deductions. Ouff, I am relieved now. Thanks!

[pushbrk 12,111]

6 hours ago, portorusa said:

So that makes it GROSS then, BEFORE all the deductions. Ouff, I am relieved now. Thanks!

Yes, but income from the tax return is not the primary qualifier.  Current income is the primary qualifier, and only the self employed get that number from a tax return.  

 

Total income from a 1040 for the tax section or AGI from a 1040EZ.  If employed, your gross paycheck times the number of pay periods in a full year.  Remember if you are paid every two weeks, that's 26 pay periods, not 24.

 

Are you "employed" or Self Employed?  Please clarify.  In future, specify whether you are talking about current income of the past.  Tax returns are about the past.

[portorusa 431]

I don't understand what the "current income of the past" is. Can you elaborate please?

I am employed full-time, for now it is $18.2824 per hour, paid every two weeks and I file my taxes every year. The CR-1/2 filed in November 2018. My household size for USCIS will be 4. I read that the tax returns for only the last year are necessary, and for the last 3 years are recommended but not required. Is that true?