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Everything you should know about alimony and child support
Laws related to alimony and child support vary from one state to another. You will have to focus more on this fact depending on the specific state that you live in. In addition to that, it would also vary depending on the number of children that you have and the monthly income as well as expenses. Child support amount that the custodial parent receives is not considered as an income. Hence, it is not subjected to taxes.
There are some key issues, which can take place in child support payments. In every single state, you will be able to discover a unique formula, which is being used to calculate the child support payment. This formula will take several factors into consideration and determine the exact amount that the non-custodial parent will have to pay. However, formula is not directly applied in most of the situations. For example, if the income of the non-custodial parent is high, there is no possibility to apply the formula directly and end up with an accurate result. If the non-custodial parent is self-employed, the income would vary from one year to another. Hence, it is not reasonable to apply the formula and suggest a direct amount to be paid.
Likewise, the amount you have to pay as the non-custodial parent will change. You will need to get in touch with your family lawyer or a child custody specialist. Your lawyer might have access to the specific tool and you will be provided with assistance when calculating the payment.