What is gross income under the new Minnesota Child Support Statute?
Gross income includes income from all sources including salaries, wages, bonuses, commissions, advances, unemployment benefits, severance pay, honoraria, trust income, gifts, prizes and in-kind payments or benefits such as free housing. It also includes social security or veteran’s benefits received on behalf of the child under Minnesota Statutes Sec. 518.718 before it is reduced by taxes, 401K contributions, health insurance or cafeteria plans. It does not include compensation in excess of a 40 hour work week if not worked consistently for two years preceding the order. It also does not include child support received for other children or the income of the parent’s new spouse. Gross Income for child support may also include potential income.
