What income is considered when a court sets child support?

On Behalf of | Feb 7, 2018 | child support

Different parents may be liable to provide their children with different amounts of child support. This is because not all Florida parents earn the same levels of income or are responsible for the same types of financial obligations. To this end, when a family law court is evaluating how much money a parent should provide to their child in support, it will assess a number of different forms of income that the parent collects.

Earnings from wages and tips accrued from employment will be assessed in the determination of a child support obligation, as will any bonuses or commissions that the parent earns. If the parent is self-employed or owns their own business then business income will also be computed in the assessment.

A parent who receives disability or workers’ compensation benefits may have those sources of income considered and factored into their gross income, and income from annuities, retirement accounts, pensions and investments may also be included as well. Income from rental properties, Social Security benefits, inheritances, royalties and other forms of income are all eligible to be factored into a court’s determination of gross income for computing child support.

The sources of income mentioned in this post are only some of the many types of income that may be used to provide children with the support they need from their parents. A parent who is subject to a child support order or agreement is bound to make complete and timely payments pursuant to the terms of the document that governs their obligation; when they fall behind, they may become subject to enforcement proceedings that could make it even more difficult for them to stay current on their financial obligations to their kids.