Calculation of Net Income for the Purpose of Child Support

..Calculation of Net Income for the Purpose of Child Support

Net income is calculated by subtracting allowable deductions from gross income.  Florida law states that allowable deductions include the following:

(a)Federal, state, and local income tax deductions, adjusted for actual filing status and allowable dependents and income tax liabilities.

(b)Federal insurance contributions or self-employment tax.

(c)Mandatory union dues.

(d)Mandatory retirement payments.

(e)Health insurance payments, excluding payments for coverage of the minor child.

(f)Court-ordered support for other children which is actually paid.

(g)Spousal support paid pursuant to a court order from a previous marriage or the marriage before the court.

If you a party to an Orange County divorce or other family law matter involving child support, your experienced Orange County child support lawyer will be working with you to calculate the appropriate amount of child support to be paid.  Both you and the opposing party will have to provide the financial information necessary to determine accurate net incomes.

Parties trying to navigate the process without an attorney may not understand small nuances in the law which can have substantial long term financial impacts.  Hiring a qualified child support attorney is a wise decision.  If you are in need of a child support lawyer, contact Family Law of Orlando by email or by calling (407) 835-9900 to schedule an initial consultation with Attorney Wade P. Luther.

2014-06-24T16:09:57+00:00