How is child support determined?
If you’re filing for divorce, or if you’re involved in a case that involves child support, you need to know how it is calculated. Fortunately, New York law provides a set of guidelines that guide the calculation process. These guidelines are intended to be fair and equitable for all parties. However, there are a number of factors that can impact how child support is decided.
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Income shares are one of the most important aspects of how support is calculated. This method of determining child support divides the cost of raising a child based on each parent’s income. The percentages that each parent must pay may vary, but the formula is typically based on each parent’s income and the amount of time each parent has physical custody of the children.
There are also additional expenses that can affect how much child support is awarded. These can include things like extracurricular activities, education costs, and health insurance. In some situations, these expenses are mandatory and cannot be ignored by the court.
Depending on the jurisdiction, this can vary by state, so it is important to consult with an attorney in your area.
Determining how much child support to pay is complicated and can take a lot of time and resources. Often, the best solution is to work with a family law attorney to mediate an out-of-court agreement.
The primary goal of a mediator is to help both parties come to an agreement about what is in the best interest of their children. We can also be creative in how we approach this topic because the guidelines are just a starting point and there are a number of “add-on” expenses that do not fall under the basic child support calculations.
This can be especially true if there are significant changes in a person’s circumstances, such as an increase or decrease in income. In addition, a person’s employment status can be an important factor in how child support is calculated.
Many states use the income shares model for calculating child support, and this is often used when parents have a combined income that is below a certain threshold. This method is more flexible and easier on the eyes than the per-child percentage model.
Some states use a per-child percentage model, which is a more complex formula that takes into account a number of factors. These include the number of children, the monthly incomes of each parent after taxes, and any additional expenses that are necessary for raising a child.
In a child support case, the court will determine the appropriate amount of support based on these factors. The judge will usually not make a change to the formula unless there are extenuating circumstances that need to be considered, such as a sudden drop in income.
Another common reason for a child support modification is an increase in expenses that are unforeseen and unrelated to the parenting plan. This can be due to a child’s medical condition, an injury, or even a change in job duties.