Individual annual income

[Mini b 12]

Hi hope everyone is doing well. 

 

I'm currently filling form i-864 on the part of current individual annual income? Would this be 2022 or would it be 2021? 

I'm getting conflicting answers and it's getting me confused. 

 

TIA

[Verrou 1,962]

50 minutes ago, Mini b said:

Hi hope everyone is doing well. 

 

I'm currently filling form i-864 on the part of current individual annual income? Would this be 2022 or would it be 2021? 

I'm getting conflicting answers and it's getting me confused. 

 

TIA

Current = what will you be making this year (2022) 

[Mini b 12]

Okay thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

14 minutes ago, Misscloud said:

Current = what will you be making this year (2022) 

 Okay, thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

 

•  
• Quote
•  
• Edit

[Crazy Cat 41,833]

16 minutes ago, Mini b said:

Okay thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

 Okay, thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

 

•  
•  
• Quote
•  
• Edit

Current annual income for non-self employed individuals is calculated as:

 

Most recent pay period gross income multiplied by the number of pay periods per year.

Example:  If a person CURRENTLY makes $1000 per week, the current annual income is $52,000.00.  What a person earned last year is irrelevant.   Income over the next (future) 12 months is king. 

Edited February 12, 2022 by Crazy Cat

[Mike E 11,739]

2 hours ago, Mini b said:

Okay thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

 Okay, thanks. So that means it will be recent year 2020, 2019, 2018 and 2021 will just be skipped? 

You provide

 

* tax returns (tax transcripts preferred) for your 3 most recent years. It is still too early for some to file 2021, so 2018-2020 as you wrote.    You might later get an RFE for tax year 2021.  
 

* 3 months  of pay check stubs.  So given it is not yet April 1, you will show income records from November and December 2021.  

[Mini b 12]

3 hours ago, Crazy Cat said:

Current annual income for non-self employed individuals is calculated as:

 

Most recent pay period gross income multiplied by the number of pay periods per year.

Example:  If a person CURRENTLY makes $1000 per week, the current annual income is $52,000.00.  What a person earned last year is irrelevant.   Income over the next (future) 12 months is king. 

Yes. Thanks so the 3 recent years will be 2020, 2019 & 2018 right? 2020 being the most recent as my husband didn't file tax for 2021 as yet. 

 

 

Edited February 12, 2022 by Mini b

[Mini b 12]

1 hour ago, Mike E said:

You provide

 

* tax returns (tax transcripts preferred) for your 3 most recent years. It is still too early for some to file 2021, so 2018-2020 as you wrote.    You might later get an RFE for tax year 2021.  
 

* 3 months  of pay check stubs.  So given it is not yet April 1, you will show income records from November and December 2021.  

2021 isn't filed yet. So we are using his 2020 tax so the other 2 years will be 2019 & 2018. So the past 3 tax years we are submitting are 2020, 2019, 2018. 

 

We have 5 months of paystubs including January 2022. Also employment letter stating his current hourly wage.

[carmel34 3,621]

1 hour ago, Mini b said:

2021 isn't filed yet. So we are using his 2020 tax so the other 2 years will be 2019 & 2018. So the past 3 tax years we are submitting are 2020, 2019, 2018. 

 

We have 5 months of paystubs including January 2022. Also employment letter stating his current hourly wage.

Yes this is correct if you are uploading the I-864 with supporting financial documents now.  It would also be wise for your husband to scan and email you a copy of his 2021 tax return, W2, 1099s, plus all schedules/forms filed, or he can go online and print an IRS tax return transcript for 2021 a few weeks after filing, so that you can take this information to your visa interview which will likely be well after April 18th.  They may ask for it so it's best to be prepared.  Good luck with the rest of the process!

[Mini b 12]

7 minutes ago, carmel34 said:

Yes this is correct if you are uploading the I-864 with supporting financial documents now.  It would also be wise for your husband to scan and email you a copy of his 2021 tax return, W2, 1099s, plus all schedules/forms filed, or he can go online and print an IRS tax return transcript for 2021 a few weeks after filing, so that you can take this information to your visa interview which will likely be well after April 18th.  They may ask for it so it's best to be prepared.  Good luck with the rest of the process!

Yes. He already have his 2021 w-2 which I already have. He will file his tax early so that by the time I'm ready for interview the tax return transcript can be ready. And yes interview will definitely be after April 18.

 

When I'm ready to go to interview we will update the i-864 form with 2021 income so the information can be current. 

 

Thank you for your best wishes and same to you if you're still in the process.

[Ryan H 3,812]

Moved from Progress Reports to Process & Procedures.

[pushbrk 12,873]

10 hours ago, Misscloud said:

Current = what will you be making this year (2022) 

Incorrect.  Crazycat gave the correct answer.

[Verrou 1,962]

6 minutes ago, pushbrk said:

Incorrect.  Crazycat gave the correct answer.

That’s what I mean. Sorry English is not my first language 

[pushbrk 12,873]

Just now, Misscloud said:

That’s what I mean. Sorry English is not my first language 

No problem.  A common problem with "or questions" is we get in the good habit of choosing between the "or" answers already given.  Sometimes, we need to answer "neither" and provide the actual information needed.