Calculating Child Support: Net Income
In a previous post, I provided a list of items which would be considered gross income for child support or alimony purposes. Florida law does allow some deductions to that gross amount prior to calculating a child support obligation. These deductions include the following:
- Income taxes (whether federal, state, or local);
- Federal insurance contributions or self-employment tax;
- Mandatory union dues;
- Mandatory retirement payments;
- Health insurance payments (excluding payments for coverage of a minor child that is the subject of the family law matter);
- Court-ordered support for children other than those that are the subject of your family law matter; and
- Court-ordered spousal support or alimony payments.
You calculate your net income by subtracting these deductions from your gross income. You then plug your net income into the child support guidelines formula provided by section 61.30, Florida Statutes.
If you are facing a child support case and you are looking to retain a family law attorney in Tampa Bay, schedule a consultation with The Law Firm of Adam B. Cordover, P.A., by calling us at (813) 443-0615 or filling out our contact form.
This guide will give you the specific step-by-step strategies you need to protect your children and yourself.