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For what should you pay under child support?
After the child support agreements, and if you end up as the non-custodial parent, you will have to make a payment to the custodial parent. This payment is called as child support. Before you pay child support amount, you should understand for what expenses you are making this payment to. Then you can keep the peace of mind and make the payments accordingly.
Child support payments are being done in order to cover up the expenses of raising a child. Raising a child is associated with a variety of expenses. A custodial parent is not in a position to bear all these expenses on his own. Therefore, it is important to get the assistance of non-custodial parent as well. Financial assistance needed will be paid via child support payment. Therefore, you will not have to worry about anything. You just need to get the payment and use those funds to support the development of the child. Due to the same reason, child support can be considered as an ongoing financial obligation as well.
You should also keep in mind that bankruptcy is not in a position to create an impact on the child support payments that you have to pay. On the other hand, it will not decrease during the summer months, even if the cost of raising a child lowers during summer. You will have to pay a flat amount as the payment in every single month. The payments that you pay for this will not be subjected to any federal income taxes as well.
