How much child support does NY require you to pay? The answer to this question varies depending on your circumstances. New York State domestic relations law has child support guidelines that are designed to ensure consistency. Child support awards in New York are based on a parent’s Gross Income. This can make child support calculations complex. However, the goal of child support is to help a child meet his or her basic needs.
In New York, a parent’s combined income must be at least 35% of the parent’s combined income. The court may assign a higher percentage if the combined income is greater than $141,000. For example, a parent with physical custody makes $30,000 a year while the other parent earns a combined $100,000. After that, the court will multiply the combined incomes by the statutory percentage for a child. If both parents earn a total of $120,000 per year, the basic child support obligation is $20,400. The parent with physical custody must pay 25% of that amount, or $15,300.
The court will apply a child support formula to determine how much the custodial parent should pay. This formula is based on the parents’ combined income up to $148,000. This means that if one parent earns $70,000 and the other earns $180,000, the court will assign a pro-rata share of the $35,000. This amount equals $17,500, or $1,458 per month. The exact amount you owe will vary depending on your individual situation, so consult with a qualified attorney if you have questions.
If you’re considering filing for divorce in New York, you need to be aware of the child support laws in your state. Child support payments are an essential part of a child’s upbringing. New parents often find it confusing to make sense of the complicated laws surrounding child support in New York. However, Westchester attorneys are here to help you navigate the child support laws in New York and calculate the correct amount.
Child support is money paid to the custodial parent to cover the needs of the child. Child support covers general expenses, such as clothing, health care, and education. It may also cover health insurance. Child support in New York can be privately agreed upon or established by a Support Magistrate in Family Court in Nassau County. However, it is important to note that determining the child support obligation is often a very contentious issue.
The State Child Support Unit enforces child support orders by making deductions from the noncustodial parent’s paycheck. The state child support unit can also garnish assets and bank accounts, seize passports and driver’s licenses, and notify credit reporting agencies about overdue payments. It may also refer your case to the New York State Department of Tax and Finance if you fail to meet child support obligations.
A basic child support calculator can produce a rough estimate of your support obligation. It is easy to calculate your obligation with this calculator, as long as you know the gross incomes of both parents. The calculator requires you to know each parent’s gross income, unless your state’s child support laws require more specific information. You can also use an online child support calculator to calculate your child support obligations. If you’re unsure of how to calculate your support obligations, you can consult a law firm.