What does child support cover?A judge will order child support payments to make sure all of your child’s needs are met when you and your ex are no longer together and spending money. These payments can help cover expenses for your child like school, health care, food, clothing, housing, and more.
How much is child support?Each state calculates child support according to its formula. This formula will take into account your earnings, your ex’s earnings, and your child’s financial needs for things like school, health care, food, and other necessities. A child support lawyer will be able to better help you anticipate what you expect to either owe or receive in child support payments.
How does child support affect my taxes?Because child support payments are solely for the child’s benefit, they do not affect tax filings. If you pay child support, you cannot deduct those payments from your income, and if you receive child support, those payments will not count toward your taxable income. If you are late on child support payments, your state may intercept your tax refund to help pay off those debts.
How can I change my child support payments?If you feel you pay too much child support or receive too little, you must prove a “substantial” change in circumstances to change your child support obligations. This means major changes will need to happen to either your or your ex’s income or your child’s financial needs. Some changes that can bring about a modification of support could include a raise, losing a job, or a serious illness.