Youth Incorporated Magazine

A vital document in the immigration process, the Affidavit of assistance (Form I-864) verifies that an immigrant has sufficient financial assistance. Accurately computing the size, income, and assets of the household is necessary in order to fill out this form. This is a thorough guide that will help you identify these issues and will also tell you what to do in the event that your financial situation changes. To successfully complete the immigration process, petitioners must make sure to provide an Affidavit of Support checklist of required documents such as most recent tax return, W-2 form, and recent employment verification letter.

How to Count the Household Size for Affidavit of Support (Form I-864)

Counting the household size correctly is essential for Form I-864. The household size includes:

1. The Sponsor: The individual filling out Form I-864 is always included in the household size. This is straightforward, as the sponsor’s details are listed at the top of the form.
2. The Sponsor’s Family Members: This includes the sponsor’s spouse, children, and any other dependents who live with the sponsor. These individuals should be listed in Part 5 of Form I-864. The USCIS instructions provide specific guidance on whom to include.
3. The Immigrant(s): Include the immigrant(s) being sponsored on this form. This includes the principal applicant and any dependents who are part of the visa application.
4. Other Dependents: Anyone else who the sponsor claims as a dependent on their tax returns and who resides with them, such as relatives or others reliant on the sponsor for financial support, should be counted.

It’s crucial to ensure accuracy when calculating household size because it affects the required income level for the affidavit. 

How to Count Income for Affidavit of Support (Form I-864)

Income calculation is a vital part of Form I-864. Here’s how to account for various income sources:

1. Cash and Savings: Include money in bank accounts and immediately available cash. Bank statements should clearly indicate the amount available. Savings accounts and certificates of deposit can help greatly with meeting financial obligations.
2. Real Estate: Report the valuation of all properties other than the sponsor’s primary residence. This information can be obtained via property appraisals or recently completed tax assessments. Real estate can be a significant asset, but it is critical to offer accurate paperwork to prove its worth.

3. Investments: Stocks, bonds, and other financial assets should be considered. Please provide account statements or other evidence of worth. If income alone is insufficient to meet the criterion, investments can assist close the gap.

4. Retirement Accounts: Accounts like 401(k)s and IRAs can be counted as long as they are available. Statements indicating the current value are required. Retirement accounts may not always be immediately liquid, but they can still be considered important assets.

5. Personal Property: High-value objects such as automobiles, jewels, or artwork can be included. Provide appraisals or purchase receipts to prove the worth. Personal property should be thoroughly documented to ensure that it fulfills the necessary criteria.

What Type of Assets Can Be Used for Affidavit of Support?

Assets must be readily available or easily convertible to cash. Typical assets used include:

• Bank Accounts: Savings and checking accounts with current balances. Ensure bank statements are recent and accurately reflect the available funds.
• Real Property: Properties not used as the primary residence, such as rental or vacation homes. Provide recent appraisals or property tax assessments.
• Investments: Financial assets like stocks and bonds. Include recent statements or trade confirmations.
• Retirement Accounts: Accessible retirement funds. Provide statements from retirement account providers.
• Personal Property: High-value items such as vehicles or valuable collectibles. Provide appraisals or purchase receipts.

What Happens if the Sponsor’s Income Has Changed?

If the sponsor’s financial status changes after completing Form I-864, it may jeopardize the affidavit’s legitimacy. Here is what to do:

• Update Information: Submit updated documentation to USCIS or the National Visa Center (NVC) informing them of any substantial changes in income. This could entail updated affidavits or more proof. Ensuring that your application represents the most recent financial condition is ensured by keeping USCIS updated.
• Provide New Documentation: Send in revised tax returns, pay stubs, or other papers that accurately represent the changes. Enclose a letter outlining the nature and rationale of the modification. This gives USCIS a clear picture of your financial condition and helps to explain any disparities.
• Modify Household Size: If you have any changes to the number of dependents or household members, you must update the household size on Form I-864. To calculate the necessary financial support, a precise estimation of household size is essential. To prevent issues, any changes in the makeup of the household should be noted and reported.
• Present Proof of Assets: In the event that income declines, present proof of the assets that are available to meet the necessary funds. Investment summary, bank statements, and property appraisals are examples of this. The ability to show that you have enough assets can compensate for a drop in income.
• Speak with an Immigration Lawyer: It’s best to speak with an immigration lawyer for complicated cases or big income fluctuations. They can offer direction to guarantee adherence to USCIS regulations. A lawyer can guide you through any difficulties and make sure all the paperwork is in place.

Conclusion

Understanding how to determine household size, calculate income, and assess assets for Form I-864 is critical for a successful Affidavit of Support application. Sponsors can assure compliance with USCIS standards and help ease the immigrant’s application process by accurately completing these parts and updating any changes in financial conditions.

For further information and assistance, see the USCIS Case Processing Times and Affidavit of Support Checklist. These tools provide significant insights into Form I-864 processing and help to guarantee that all standards are completed.