After having my university education in a foreign country I came back to US on Feb 2011 together with my parents. I'm an USC and my parents are in US as tourists. I will file for them I130 together with I485 as they are my immediate relatives. I rented my house, bought my car and as of April, I have a part time job which I make around $15.000 and I saved money while education and have $20.000 in my savings account. I think these two will work to reach the $23.163 poverty level. I never filed any thing about tax and I don't have a tax background. So my question is: Will this be a problem when I will be filing the I864. Am I eligible enough to sponser my parents an when will I fill the I864. Thanks for the answers.
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Your question is not clear at all. When you say $20.000, do you mean $20 or $20 thousand?
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Actually, income alone should be atleast 125% of the poverty level. If that doesn't meet the requirement, you can use your assets (savings account in your case), in which case you need to show 5 times the the difference between 125% of poverty level and income. So if $23,163 is the required income and $15,000 is your actual income, you need to show ($23,163-$15,000) x 5 = $40,815 in savings/other assets that can be liquidated in a reasonable time. If your car is new, you can show it's resale value less loan balance.
Hope this helps.Last edited by laterbloomer; 04-28-2011, 07:13 PM.
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Originally posted by orgcudede View PostAfter having my university education in a foreign country I came back to US on Feb 2011 together with my parents. I'm an USC and my parents are in US as tourists. I will file for them I130 together with I485 as they are my immediate relatives. I rented my house, bought my car and as of April, I have a part time job which I make around $15.000 and I saved money while education and have $20.000 in my savings account. I think these two will work to reach the $23.163 poverty level. I never filed any thing about tax and I don't have a tax background. So my question is: Will this be a problem when I will be filing the I864. Am I eligible enough to sponser my parents an when will I fill the I864. Thanks for the answers.
God Bless!
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