What Is Considered Income For Calculating Child Support?
What is “income” for the purposes of calculating child support?
Child Support takes into account the gross income of both parents. Gross income has been defined in the rule as all earned and unearned income that is recurring over an extended period of time. Now, keep in mind that the court will always have discretion in determining what income is recurring and what counts as an extended period of time.
Here are some examples of what the court will consider as income: wages, tips, bonuses, alimony, any distributions from a retirement account, IRAs, civil lawsuit awards, unemployment benefits, worker’s compensation benefits, gambling or lottery winnings, interest in decedent’s estate, or operation of a business. This list is not exhaustive so the best thing to do is contact an attorney if you have additional questions about what a court may consider.
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