Income Requirements

[Susita 175]

I'm getting ready to submit a K-1 Visa application, but before I start the process I just want to make sure that we are eligible.

I am a single mom of two kids, so with my fiancee, that would be a household of 4

The 125% poverty line for a family of four is 26,500. My income is 31,000 BUT last year I only made 20,000 because I was only working part-time (I was still in school) and so my income tax return will show the lesser amount. My job will write me a statement and I can photocopy my paystubs and submit that as well...

I just want to know if this will be a problem. I did not want to ask anyone to co-sponser me, but if I have to, I will. I only owe student loans that I can payback over time. I do not have any assets. My bank account has about 2,000 dollars in it.

Will I be ok?

I'm worried! :wacko:

[Zee Bee 61]

I would get a cosponsor to be on the safe side. It is possible that your consulate will not require a cosponsor if your current income is sufficient. But better to be safe than sorry.

[~Laura and Nick~ 5]

If you are making over the 125% now...you are fine.

I don't think it really matters what you made last year, they want to know current income now...and you are well over what is required.

I don't think you need a co-sponsor.

Smiles.

P.S. if your income changes to below the 125% by the time the interview rolls around, then I would get a co-sponsor obviously.

Edited March 27, 2008 by ~Laura and Nick~

[joeyjoey 1]

I'm getting ready to submit a K-1 Visa application, but before I start the process I just want to make sure that we are eligible.

I am a single mom of two kids, so with my fiancee, that would be a household of 4

The 125% poverty line for a family of four is 26,500. My income is 31,000 BUT last year I only made 20,000 because I was only working part-time (I was still in school) and so my income tax return will show the lesser amount. My job will write me a statement and I can photocopy my paystubs and submit that as well...

I just want to know if this will be a problem. I did not want to ask anyone to co-sponser me, but if I have to, I will. I only owe student loans that I can payback over time. I do not have any assets. My bank account has about 2,000 dollars in it.

Will I be ok?

I'm worried! :wacko:

Last year is last year! Your employer should be giving you a letter on company letterhead stating your current Position title, start date, current salary, full-time or part-time, etc. This should suffice. Past tax returns are not the only way your current income is measured. They use the employer letter along with tax returns to show consistency in determining your ability to support your future spouse. Fernanda had about 3 months of my "pay stubs" at the Interview along with the Company letter, 3 tax returns and a couple bank statements, just in case there were any questions surrounding "proof" of my salary.

[Kazan' Tiger 1]

I concur, last year is last year. Maybe last year you were slinging burgers for minimum wage and this year you landed that executive position.

[Robyn-n-Kris 72]

They are right. Regardless of what you made last year it's your current income that they are concerned with. My income tax barely broke the min required but this year it will be well above. So provide what everyone has said and you should be fine.

[rebeccajo 14]

Read up on the Peruvian consulate. Find out if they are 'sticklers' for last year's income from the tax return (they may not even want to see the tax return) or if they use paystub verification.

Moving the thread to Embassy Forums so you are in the right place for your research!

[Gringita/Morenito 0]

Peru has been known to ask for 3 years of taxes....My last year looked better that my current year because I am working with a non profit and my income is actually a stipind. At our interview all of our financial info was returned (including a co-sponsor and all of that info) and they requested that we send back ONLY the affidavit of support, my last year return and my W-2. No bank letter, no employer letter nothing else... (don't get me wrong, I am not saying they are unnecessary, they are very important)

However, all that said, I think you will be just fine at your current amount.

If you wanted to prepare a co sponsor you could have everything ready then only submit if it is needed.