2015 Green Card Financial Eligibility gc07
4,380 views · Published 14 September 2015 · 7:18 · Indexed 20 September 2026
Channel: VisaCoach · 2015 · Howto & Style
https://www.visacoach.com = Bring Your Foreign Love to USA with a Spouse or Fiance Visa. Let VisaCoach guide you to success! https://www.visacoach.com/adjustment-of-status-eligibility/ In order to successfully petition for your spouse to obtain a Green Card after marriage, the US sponsor must demonstrate to Immigration that he has enough income coming in, that he could support his wife, and household. The threshold financial requirement is that the USA sponsor must have income equal to and preferably more than 125% of the poverty income level where he lives, to be eligible for or Adjustment of Status, Permanent Residency, Green Card. To Schedule your Free Case Evaluation with the Visa Coach visit https://www.visacoach.com/schedule or Call - 1-800-806-3210 ext 702 or 1-213-341-0808 ext 702 Fiancee or Spouse visa, Which one is right for you? https://www.visacoach.com/fiance-vs-spouse-which-is-better/ K1 Fiance Visa https://www.visacoach.com/how-to-bring-fiance-usa/ K1 Fiance Visa Timeline https://www.visacoach.com/k1-visa-timeline/ CR1 Spousal Visa https://www.visacoach.com/how-to-bring-spouse-to-usa/ CR1 Spouse Visa Timeline https://www.visacoach.com/spouse-visa-timeline/ Green Card /Adjustment of Status https://www.visacoach.com/green-card/ Each year the Department of Health and Human Services publishes their Poverty Guidelines. The new Poverty Guidelines are published at http://aspe.hhs.gov/poverty/15poverty.cfm have risen about $200 from last year. Todays 125% thresholds are now $19,912 per couple plus $5,200 per additional household member. The way the financial eligibility calculation works: The sponsor must have sufficient income or assets to indicate that he is financially able to support the Spouse in order to prevent her from becoming a ward of the state. The sponsor’s annual income based on the number of dependents his combined household will have, should be at least 125% (Spouse) of the Department of Health and Human Services (HHS) poverty guideline for his state. As of March 2015, for residents in the continental US the Financial Eligibility Thresholds for Permanent Resdency, Green Card are as follows. Required Annual Income $19,912, if 2 Persons in Family or Household $25,112, if 3 Persons in Family or Household $30,312, if 4 Persons in Family or Household For each Additional person add $5,200 The Financial eligibilty thresholds are lower for active military, and higher for residents of Alaska or Hawaii. How to prove your Income. The way to demonstrate his income, the US sponsor normally provides his most recent Federal Tax Return, 3 to 6 pay stubs showing 'Year to date' earnings, plus a letter from his employer confirming his job, and what the annual pay is. In some cases a sponsors income may be low, but he has 'money in the bank'. Cash assets, can be used as a substitute for annual income. 'Cash' assets are assets which can be easily converted (sold) to cash. For example: stocks, bonds, certificates of deposit, cash in a checking account can be used. Other assets that can NOT be easily turned to cash with the EXCEPTION of equity in his home, are not useable. $5 cash assets = $1 annual income For example, a retired Green Card sponsor living in California, with NO income, and no dependents would need to have $79,650 in cash assets to quality for the Green Card. 5 x $19,912 = $99,560 Alternatively a combination of income and assets will work. For example, if the sponsors income is $10,000 per year, then he should have $29,650 cash or convertible assets to qualify. $19,912 - $10,000 = $9,912 x 5 = $ 49,650 cash assets needed. Using a Financial Joint-sponsor If the sponsors income or assets are not enough to achieve the eligibility threshold, the sponsor can ask a relative or friend to act as a joint-sponsor. Just like buying a car, a second person could 'co-sign' your loan. In this case he is financially joint-sponsoring your petition. When a joint-sponsor is used the size of the household increases. The combined household (for the financial calculations) would include the household size of the sponsor combined with the household size of the co-sponsor. For example, a college student petitioning for his spouse, asks his father to joint-sponsor. Both the college student and the father would each complete an affidavit of support. The students household is just 2 persons, himself and his new spouse. The fathers household would be father, mother, and the two siblings still living at home. Thus the combined household would be 6 persons, and the combined income of both sponsor and joint-sponsor would have to be $40,712 or more.
