What Factors Are Used To Calculate Child Support Payments? Can The Amount Of The Payment Change Over Time?
Under the Child Support Enforcement Act of 1984, child support payments are based upon each parent’s current income. This includes a number of elements including: occupational wages, assets such as stocks and bonds, welfare benefits. Other factors include the custodial parent’s living expenses and the standard of living of the child before divorce, the specific needs of the child; i.e. health insurance, educational needs, and applicable day care expenses, and the noncustodial parent’s ability to pay. However, under such circumstances as incarceration, pastdue child support would continue to accumulate (overdue payments are called arrearages or arrears), and the noncustodial parent would be responsible for paying pastdue payments when released, either immediately or in installments, as mandated by a court of law. Child support payments can be modified over time for reasons such as an increase in either parent’s earningsthis can include additional income from remarriage, a decrease
Related Questions
- Does the child support have to cover all the time since the child was born, creating arrearages just at the time the current payments are starting?
- What Factors Are Used To Calculate Child Support Payments? Can The Amount Of The Payment Change Over Time?
- What factors are used to calculate child support payments?
