How is child support calculated?

In Virginia, the court uses a guideline formula to calculate child support. This formula takes into account the incomes of both parents, the number of children, and the amount of time each parent spends caring for the child. The formula also looks at other relevant expenses, such as health insurance, child care, and other costs related to raising a child. To start, the court looks at each parent’s income. The formula takes the difference between the incomes of both parents and uses it to determine the amount of child support. If the parent with the higher income earns substantially more than the other, then that parent is responsible for the majority of the support. The amount of time each parent spends caring for the child also plays a role in the calculation. If one parent has primary custody, then they are responsible for the majority of support. On the other hand, if split custody is ordered, then both parents may be responsible for a portion of the support. Additionally, the cost of health insurance, daycare, and other related expenses are also taken into account. At the end of the calculation, the court will come to a final amount of support that is to be paid. This amount is usually paid from the parent with the higher income and in some cases, this amount can be divided among both parents. The amount of support is subject to change depending on the financial situation of either parent.

Related FAQs

What is a marital deduction?
How do I start a divorce process?
What is a child custody evaluation?
Does my spouse need to be served with divorce papers?
How do I respond to a divorce petition?
What are the tax implications of a divorce?
How is marital debt distributed?
What is a motion to modify or set aside a divorce?
What forms do I need to file for a divorce?
Can I get an annulment?

Related Blog Posts

How Divorce Law Impacts Your Finances: Key Facts & Tips - July 31, 2023
What You Need to Know About Divorce and Child Custody - August 7, 2023
Navigating Divorce Mediation: What to Expect - August 14, 2023
Understanding the Difference Between Divorce and Legal Separation - August 21, 2023
The Impact of Divorce on Alimony & Property Division - August 28, 2023