- #Child support fl calculator 2018 software
- #Child support fl calculator 2018 code
- #Child support fl calculator 2018 plus
Husband’s gross monthly income is $5,000. Scenario 2- Maintenance: Wife’s gross monthly income is $10,000. Perhaps future statutory changes or clarifications will be made to account for such. It is unclear if this is an intentional double-credit or simply oversight. Thus, it is almost as if there is a double-credit to husband for the loss of the tax credit. This appears to be a hole in the statute as husband’s maintenance payment is lowered to account for the fact that it is not tax deductible but he still gets to deduct the entire amount under the prior formula before child support is calculated.
#Child support fl calculator 2018 plus
If the maintenance award is entered after December 31, 2018, and/or the parties modify a prior maintenance award and opt in to the new tax law, such that husband’s maintenance payments are not tax deductible, and the guideline maintenance amount is ordered, husband’s income for the purposes of calculating child support would still be $4,154.40 ($5,000 minus $676.48 multiplied by 1.25 which equals $845.60) and wife’s income for the purposes of calculating child support would still be $2,769.60 ($1,924 plus $676.48 multiplied by 1.25). So, in this scenario, if the parties agree to or the court orders the guideline maintenance amount, husband’s income for the purposes of calculating child support would be $4,154.40 ($5,000 minus $845.60) and wife’s income would be $2,769.60 ($1,924 plus $845.60).
#Child support fl calculator 2018 software
If the maintenance award is entered on or before December 31, 2018, the actual maintenance award will be deducted from the paying party’s income and added to the receiving party’s income to calculate child support (the child support worksheet software has a line to enter maintenance paid and maintenance received). Scenario 1- Child Support: Continuing the numbers from scenario 1, the next question becomes, if child support is at issue in the case, how these numbers then impact the child support calculation. If the maintenance award is entered after December 31, 2018, the amount of maintenance would be $676.48 owed from husband to wife (because the parties’ incomes are $10,000 or less, if the maintenance is not taxable/tax deductible, the spouse receiving maintenance would receive 80% of the amount calculated under the guideline formula). If the parties were to enter into an agreement or the court enters the maintenance award on or before December 31, 2018, the guideline maintenance amount would be $845.60 owed from husband to wife (the parties’ combined monthly gross incomes equal $6,954 40% of such is $2,781.60 subtracting out wife’s income of $1,924 leaves the $845.60 guideline amount). Scenario 1- Maintenance: Wife is imputed full-time at minimum wage- meaning her monthly gross income is $1,924. This is most applicable for situations where a party is not working and can be imputed income (see prior blog posts to determine when this may be appropriate). Beginning January 1, 2019, Colorado minimum wage increases to $11.10 per hour. Since the statutory changes are going to have more of an effect on maintenance awards entered after Decem(any maintenance awards entered before that date would remain tax deductible for the payor) this blog post will use the 2019 minimum wage amount for the first scenario. The purpose of this blog post is to provide concrete examples of the difference between the pre-August-2018 maintenance and child support laws and the new ones which started this month.
#Child support fl calculator 2018 code
In prior, recent blog posts, I overviewed both the impact the federal tax changes will have on maintenance (alimony) awards starting January 2019, as well as the revisions to Colorado’s maintenance and child support laws to account for the tax code changes.
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