What factors must be considered when calculating child support payments?

In Virginia, a variety of factors must be taken into account when calculating child support payments. Each of these factors is considered to ensure that the amount is fair and equitable for both parents and the child. First, the court takes into account the gross income of both parties. This means the total amount of money each parent is making before taxes and deductions. The court then takes into account any other financial contributions from either parent, such as daycare, health insurance, and other expenses. Next, the court considers the financial needs of the child. This includes basic living expenses, such as food, clothing, educational needs, and medical costs. The court also considers the standard of living the child had prior to the separation. The court will also take into account the time each parent is spending with the child. This is known as custodial arrangements. This will also affect the amount of child support payments. Finally, the court may consider any special circumstances, such as the parent’s job-related travel expenses or extraordinary medical expenses for the child. In Virginia, it is important to note that the court’s decision is not final. If either parent has a change in financial circumstances, the court may adjust the amount of child support payments if either parent can prove that the changes have impacted their ability to meet their financial obligations.

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What factors must be considered when calculating child support payments?

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