Understanding Child Support Calculations
Are you assuming that child support calculations come from your net income rather than your gross income? Hi, I’m Tulsa child support attorney Clint Hastings. I practice here in Tulsa, Oklahoma, and I focus on fathers’ rights. If you’re assuming that it’s your net income, that would be incorrect. In fact, what they use is both parties’ gross incomes.
That’s because net incomes can be using different deduction amounts and percentage deductions from your monthly paychecks. So therefore, the gross income is what is considered more of an even keel basis to compare the two incomes and figure out the contribution from each.
How Gross Income is Determined
Gross income includes all sources of income before taxes. This can include wages, salaries, bonuses, commissions, rental income, retirement benefits, and more. It’s important to include all sources of income when calculating gross income for child support purposes. Excluding any sources of income could result in inaccurate calculations.
Once gross incomes for both parents are determined, the court will apply the state’s child support guidelines to calculate the amount of support that should be paid. These guidelines take into account factors such as income, number of children, and custody arrangements to determine a fair and appropriate amount of support.
Call Us for a Consultation
If you have questions about how child support is calculated or need help with a child support issue, don’t hesitate to reach out to us. We offer low-cost consultations to discuss your situation and provide you with the guidance you need. Contact the Tulsa Dads.Law attorney at 918-962-0900 to schedule your consultation today.
