Having a Richardson child support attorney help you understand how child support is calculated may be helpful. Texas courts look at more than just pay stubs. Whether you have primary custody or are the parent who will be paying support, it helps to understand the process.
After all, how much money you’re receiving or shelling out every month can make a big difference on your budget and quality of life. An attorney can help parents with these concerns so you can plan accordingly.
How Texas Courts Determine Your Net Income
Offhand, you’d think looking at your income post-tax would be the easiest way to set your child support awards. There are many ways to earn income aside from a paycheck. The court considers all of your annual earnings, including, but not limited to:
- stock dividends;
- rental income;
- unemployment benefits; and
- Social Security benefits.
Deductions, ranging from state and federal taxes to Social Security and even your child’s health insurance costs, may be subtracted and the total gross income. The annual net income will be divided by 12 to determine net monthly income.
Understanding how Texas courts will compute income when determining child support is crucial, especially if you’re trying to adjust to major life changes like a move, new job, and split income. Simply understanding how child support works may be helpful.
If you’re a North Texas parent in need of child support advice, a Richardson child support attorney can help. You don’t have to figure out this crucial aspect of your divorce alone.
For Questions about Child Support in Texas, Call Warren & Migliaccio
At Warren & Migliaccio LLP, we believe family is important. Through our years of practicing family and bankruptcy law, we also know that circumstances may come up during your life that necessitate legal help. Child support in Texas is one crucial concern during divorce proceedings. We’re here to provide the guidance you need to proactively plan for your future. Call our law office today at 1-888-584-9614.