Made enough this year but now unemployed

[KayDeeCee 4,893]

I think the confusion was that for me, if one makes at or over the %125 poverty line annual requirement within a year, one has already satisfied that requirement.

Meaning one has already made at or over the %125 annual poverty line 'minimum' in the 1st quarter of the year.

In this case one could simply work the remainder of the year receiving no more pay and still meet the requirement.

Now it only comes down to if one has a job or not, regardless if one has met the %125 poverty line minimum.

The +$18,912 was derived from income this year, not last year. To me, that income and applies towards this year and meets the annual requirement.

One could have 2 other jobs within the course of the year and both of them combined may not yield the minimum of $18,912. However since the first job yielded over the $18,912, should it be discounted and not be eligible to go towards the annual income amount minimum %125 annual poverty line?

Other than the above, is anyone able to comment on what I posted previously about the EXAMPLE provided and the COSPONSER questions?

Thanks for your help!

As others have already stated, it is not about proving you made the 125% level in a single year. They want to know the income will be there to continue to support yourself and your spouse-to-be. That is why assets must be times 3. A spouse can apply for citizenship after being married to the USC for 3 years. They want to see you have at least 3 years worth of the 125% level so you will be able to support them and keep them from becoming a public charge. If you made the $18,912 at the beginning of the year, but now you are not working, where is the continuing income going to come from? They do not want to see one annual salary of $18,912. They want to see continuing income that is at least $18,912 a year, or the assets times 3 to make up for lack of that income.

Edited April 1, 2012 by Jay-Kay

[Mike Z 8]

I already have. The self employed state their "current income" as the amount on line 22 of the 2011 tax return. It isn't "income" until it shows up on that line of a 1040.

thanks. i was thinking more about the equivalent of recent income - (such as 6 month pay slips)

clearly if you file a 2011 tax return now, it is recent - but come january next year, the 2011 tax return is pretty old to show "current" income.

if thats all self-employed sponsors can do, fair enough.

[pushbrk 12,881]

thanks. i was thinking more about the equivalent of recent income - (such as 6 month pay slips)

clearly if you file a 2011 tax return now, it is recent - but come january next year, the 2011 tax return is pretty old to show "current" income.

if thats all self-employed sponsors can do, fair enough.

Yes, that's all a self-employed sponsor can do short of providing CPA audited monthly or quarterly financial statements. Even those are not always accepted at face value BECAUSE it's the tax return that is actually required.

Neither cash flow or business revenue, are not the same as income.

Edited April 1, 2012 by pushbrk