The sponsoring fiancé ( who must be a US citizen ) must meet the minimum income requirements when applying for a K1 visa . This lets United States Citizenship and Immigration Services (USCIS) know that the sponsor has the financial means to support himself and her fiancé while the foreign national is in the United States and cannot yet work .
Everything you need to know about K1 visa entry requirements in 2024
This review discusses the income requirements for K1 visa sponsors in 2024. For more information specific to your case, consult an immigration attorney.
Stable gross income that is more than 100% above the federal poverty guidelines
The promised sponsor must demonstrate that he or she has provided stable gross income that is more than 100% above the United States federal poverty guidelines. If the sponsor’s household size is only her and her future spouse, then the income requirements to receive a K1 visa should be a minimum of $17,240 annually after deductions in 2024. This number increases if the household is larger , as if the sponsor has one or more children.
The requirement increases to 125% when your spouse applies for permanent resident status
Stable gross income requirements increase once the spouse applies for permanent resident status. For the foreign national to receive permanent resident status, the sponsor must show stable gross income of $21,775 per year after deductions in 2024, assuming it is just them and their spouse. If there are multiple dependents, the minimum income requirements increase with each dependent.
You must prove that you have stable income
Stable income means that income is consistently above the minimum income level. Please note that this does not necessarily have to come from your income and earnings may include, but are not limited to:
- veterans benefits
- Social Security Benefits
- Disability benefits
- Retirement Earnings
Working part-time or part- time is not considered a long-term occupation. Additionally, unemployment income is unlikely to reach the required level unless new employment is found. Ideally, the person should have a permanent income or earnings stream that is expected to continue over the long term.
To do this, you must dedicate yourself to working and earning income in the North American country.
Those granting the K1 visa must earn a living in the United States rather than another country. There are exceptions to this rule, such as completing work for your US employer. (consisting of the temporary provision of a US government contractor in exchange for employment abroad by the US Department of Defense). However, if used in another country, your income may not be considered stable income once you return to the United States.
You must submit the IRS tax form to the United States tax agency.
To confirm income, the United States immigration agency routinely requests the most recent year(s) of your IRS tax returns. In other cases, the sponsor is required by the government to provide tax returns for the last three years. However, these papers are not necessary until the end of the procedure, allowing the sponsor time to organize their tax returns.
Joint sponsorship may be an alternative if you are not among those eligible.
Mutual support may be an alternative if you are the sponsor of the US fiancée.) You have not been shown to meet the income requirements for the K1 visa in 2024. Joint sponsorship allows another sponsor to join , like one of your parents, for example. This can be beneficial for those who do not qualify for some reason, such as if they are in college or if they are unemployed and unable to obtain full-time employment.
Can I use assets instead of earnings to meet the K1 visa income requirements in 2024?
Unfortunately, assets are not considered valid as a replacement for income for K1 visa applicants; profits are the only alternative considered for income.
What do I do if I do not meet the income requirements for the K1 visa?
If you do not meet the income requirements for the K1 visa in 2024, then you do not need to apply for the K1 visa. Instead, consult with an immigration attorney who can review your case and help you determine the best course of action. It is better to wait and have a plan that works rather than apply and be denied late in the K1 visa process due to insufficient income to be considered a sponsor.
Pride Immigration can help you and your fiancé through the K1 visa process
Our dedicated and experienced immigration team can guide you and your fiancée through the K1 visa application process. To make an appointment with an attorney at our firm, call us at (571) 520-6116 or send us a message today. We pride ourselves on assisting our clients through the often complicated K1 visa process.
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