Legal Question in Immigration Law in California

If you are a permanent resident only now filing the I-130 petition, the affidavit of support will be required in a few years, when a priority date is current.

If it's current now, you will submit your own Affidavit of support, and a joint sponsor will submit his own Affidavit of support. Any sponsor will need to submit a proof that he is a US citizen or permanent resident, domiciled in USA, and submit the most recent tax return with W2 forms. For any sponsor, his family members and dependents will count as dependent for the purpose of the affidavit. A sponsor may use his bank account or savings if his income is not sufficient. Rules applying to other assets are different from general federal poverty guidelines.

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There is no need to provide documents evidencing that your friend has money. All your friend needs to provide is his tax returns and W2s for the last three years, provided that these documents establish that he meets the requirements of the federal poverty guidelines.