Should I update my I-864 with new Tax Information at USCIS or the Embassy?

This is a common question every tax season for any person that has a pending Immigration Filing that required an I-864 affidavit of support. The question could be posed a number of ways:
- Should I update my I-864 with new Tax Information?
- I have a new W-2/1099, should that be reflected in the I-864?
- I did better financially last year, would it benefit updating the I-864?
- I changed jobs a few months ago, is now a good time to update the I-864 with new financial information?
- I filed a new 1040 Tax Return and my AGI is different, is that going to be needed?
In a short answer, USCIS and NVC should be updated with any new financial document from a Sponsor, regardless if it is requested by the immigration official or given as unsolicited evidence. Common documents to provide/update between January 1st to April 15th of every year are:
For Employees:
- W-2
- 1040 Tax Return
- 6+ months of paystubs, especially the last paystub for the prior year
- IRS Tax Return Transcript, if available
For Contractors:
- 1099
- 1040 Tax Return
- Any Tax Schedules covering profits, losses, and expenses/write offs
- 6+ months of paystubs, especially the last paystub for the prior year
- IRS Tax Return Transcript, if available
For Self-Employed/Business Owners:
- 1099 or W-2
- 1040 Tax Return
- Any Tax Schedules/Form K covering profits, losses, and expenses/write offs
- Bookkeeping Records
- Any Tax Filings from the prior year, possibly quarterly filings or a Tax Extension for the most recent tax year
- entire prior years worth of income proof, possible the business operating back account statements
- IRS Tax Return Transcript, if available
For Retirees/Veterans/Retire-Early FIRE Individuals:
- Stock/Real Estate Portfolio Statements
- 1099 forms
- Distribution Statements
- Annual Monthly Rate for the Tax Year
- VA Disability Statement for the Year
- SSD Statement for the Year
- 12 months of Bank Statements
Do you need to submit a new I-864?
Possibly "No."
The more updated evidence provided, that is the main focus as it showcases continued financial stability. An updated I-864 "summarizes" what was the Taxable Income OR Adjusted Gross Income OR Non-taxable Income.
Should you update the financial documentation?
Yes, whenever possible.
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