2007 HHS Poverty Guidelines (125% of Poverty Line)
Persons
in Family or Household
|
48 Contiguous
States and D.C. |
Alaska |
Hawaii |
1 |
$10,210 ($12,762.50) |
$12,770 ($15,962.50) |
$11,750
($14,687.50) |
2 |
$13,690
($17,112.50) |
$17,120
($21,400) |
$15,750
($19,687.50) |
3 |
$17,170
($21,462.50) |
$21,470
($26,837.50) |
$19,750
($24,687.50) |
4 |
$20,650 ($25,812.50) |
$25,820
($32,275) |
$23,750
($29,687.50) |
5 |
$24,130 ($30,162.50) |
$30,170
($37,712.50) |
$27,750
($34,687.50) |
6 |
$27,610 ($34,512.50) |
$34,520
($43,150) |
$31,750
($39,687.50) |
7 |
$31,090 ($38,862.50) |
$38,870
($48,587.50) |
$35,750
($44,687.50) |
8 |
$34,570 ($43,212.50) |
$43,220
($54,025) |
$39,750
($49,687.50) |
For each additional
person, add |
$3,480
($4,350) |
$4,350
($5,437.50) |
$4,000
($5,000) |
SIAM LEGAL SOURCE: Federal Register, Vol. 72, No. 15, January 24, 2007, pp. 3147–3148
Petitioner for a K-1 Visa who does not meet the K-1 Visa Income Requirement
K-1 visa requirements and K-3 visa requirements does not have a hard and fast formula for qualifying a person as a sponsor. The most weight will be placed on income from current employment and the total unadjusted income shown on the three most recent tax returns. In most cases, a sponsor who is employed and can demonstrate the ability to earn income at or above 125% of the poverty line for the number of persons who will be supported will be found eligible. Immigration will look at the “whole picture” with regard to financial status if a petitioner does not have sufficient income to meet the K-1 visa requirements. USCIS will look at assets such as stocks, bonds, bank account balances, real estate, and any businesses owned by the petitioner.
Assets such as these are only counted at 1/5th of their current market value after subtraction of any debt, mortgages or liens.
Calculating Assets and Income for Thai K-1 Visa Requirements or K-3 Visa Requirements
Let’s say a petitioner is single and makes $11,500 per year. He owns a home worth $100,000 with an outstanding mortgage in the amount of $50,000. He also has a bank balance of $5,000. The USCIS will likely compute this situation as follows for the K-3 Visa and K-1 Visa requirement:
. $100,000-$50,000=$50,000/5=$10,000
. $5,000/5=$1,000
. $3,000+1,000=$11,000
We now take this $11,000 and add it to petitioner’s yearly income of $11,500.
$11,500+$11,000= $22,500
It is clear that this amount ($22,500) exceeds 125% of the 2007 poverty guidelines ($17,112.50) even though petitioner’s yearly income does not meet the necessary standard for supporting two people at 125% of the poverty guidelines.
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