savings account and other income

[Om&Abo Malik 12]

i was wondering about having a savings account. If my mom had a savings account with x amount of money would that amount be added to the rest of her income or do they include only a percentage of it?

What about my husbands income will they include the full amount or only a percentage? How do they work out the currency difference? I thought i read somewhere 20% or something but may be i read wrong.

[jkelly07 120]

hello i realy don't undrestand what mean, if you mean the 1-864 you have to meet 125 percent of poverty line for the appropriate number of house hold .if you don't meet that you can use a co sponser.

[Used to be broken 147]

i was wondering about having a savings account. If my mom had a savings account with x amount of money would that amount be added to the rest of her income or do they include only a percentage of it?

What about my husbands income will they include the full amount or only a percentage? How do they work out the currency difference? I thought i read somewhere 20% or something but may be i read wrong.

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Who is sponsoring who?

[Om&Abo Malik 12]

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Who is sponsoring who?

Sorry, i am filing dcf. My income and my spouses income is not sufficient. I was asking if my mom, the co sponsor had a savings account then would the balance be counted towards the amount i needed to prove?

[Anh map 2,098]

Is your mom's address the same as the one you are using as your US domicile?

If so then her income and assets can be combined using the I-864A.

If not, then she can be the joint sponsor. File the form I-864. Her income/assets would not be combined with yours.

[Om&Abo Malik 12]

Is your mom's address the same as the one you are using as your US domicile?

If so then her income and assets can be combined using the I-864A.

If not, then she can be the joint sponsor. File the form I-864. Her income/assets would not be combined with yours.

Thanks anhmap. Yes my moms address is the address i plan to return to when i go home but i am currently in egypt filing direct.

i don't have any income here but my mom has work income, my brother has pt work and receives ssd and my husband has assets and income here that may be proven to continue after leaving. Would his income be able to combine with hers?

[Christi85 86]

Your and your husband's income can only count if it's going to continue when you move over to the States (e.g. if you're doing a transfer within the same company etc.).

If it's income earned in Egypt and isn't going to continue when you move, then the ConOff isn't likely to accept it.

Your mom's savings account can be used, but because it's an asset and not continuing income, it has to be 3 times the difference between your income and the 125% poverty line for your household size.

An example to help you understand: for a household of 2, you'll need to prove a continuous income of at least $18,212. If, say, your income is $14,000, then you will need $4,212 x 3 in assets in order to qualify, so $12,636 in addition to your income.

If you're using your mom as a co-sponsor, then she'll have to count her household size for the I-864. If she's married for example, her household size will be 3 (she + her spouse + your spouse). So, for example, she'd need at least a continuing income of $22,887 to qualify, or assets 3 times the difference between her income and $22,887. That can be anything from a very low amount if her income is not sufficient but close to the above, to over $68,000 in savings/other liquidable assets if she has no income and she's sponsoring your spouse by only using her assets.

Hope this helps. Good luck!

Edited November 15, 2010 by Christi85

[Christi85 86]

And also to say - if you're still in Egypt at the time of your spouse's interview, then your co-sponsor (mom) will need to fill out another I-864.

If you've already moved to the US before your husband and you're living in the same address as your mom, then yes, she'd be considered a household member and would sign an I-864A.

[Om&Abo Malik 12]

And also to say - if you're still in Egypt at the time of your spouse's interview, then your co-sponsor (mom) will need to fill out another I-864.

If you've already moved to the US before your husband and you're living in the same address as your mom, then yes, she'd be considered a household member and would sign an I-864A.

Thanks alot and please forgive me if i sound redundant just this is so confusing and the more questions i ask the more questions i form.

Ok, so if i move back to my mom's(the cosponsors) before the interview, i file I-864 for me and my husband and include his income with that(yes it will continue after returning to usa)?

then file I-864a for my mom? what about my brothers income(yes he lives in home) can i include that too? do i fill out 2 I-864a forms? one for him and one for my mom.

[Christi85 86]

Thanks alot and please forgive me if i sound redundant just this is so confusing and the more questions i ask the more questions i form.

Ok, so if i move back to my mom's(the cosponsors) before the interview, i file I-864 for me and my husband and include his income with that(yes it will continue after returning to usa)?

then file I-864a for my mom? what about my brothers income(yes he lives in home) can i include that too? do i fill out 2 I-864a forms? one for him and one for my mom.

Yes, it looks like your brother will also have to sign an I-864A if his income is also included.

[txladykat 1]

Actually I believe assets of co sponsors has to be five times the poverty level as opposed to 3 times for a sponsor.

[Christi85 86]

Actually I believe assets of co sponsors has to be five times the poverty level as opposed to 3 times for a sponsor.

Not if it's for a spouse visa (CR1/IR1). Then it's 3 times the 125% of the poverty level, regardless of who the money comes from.

It's 5 times for any other immediate relative visa category.

A good read of the I-864 instructions clarifies all this.

[Om&Abo Malik 12]

Not if it's for a spouse visa (CR1/IR1). Then it's 3 times the 125% of the poverty level, regardless of who the money comes from.

It's 5 times for any other immediate relative visa category.

A good read of the I-864 instructions clarifies all this.

thanks so much, i understand now.

[Stanley Hermosill 1]

Do you mean to ask if money in a savings account should be considered income? The answer to this question is that no, money that is in a savings account is not counted as income just because it's in a savings account. It is however counted as income if it was traded for goods or services that you provided.