Yes, child support counts as income for the purposes of filing your FAFSA or applying for financial aid.
Probably because the rules for the section 8 housing program requires you to report the child support payment as a part of your income when it is received. For income tax purposes on your federal income tax return child support is NOT TAXABLE income that you would report on your 1040 tax form.
No, credit cards are not considered a form of income and cannot be used to pay for child support.
Yes, any form of income, other than needs-based income, can be garnished for back child support in New York. Money from a lawsuit or settlement is considered income.
Social Security is income for purposes of determining amount of child support.
No. For income tax purposes on your federal income tax return child support is NOT TAXABLE income that you would report on your 1040 tax form. Gross rental income and expenses are reported on the schedule E of the 1040 tax form and then then the net rental income is entered on page 1 line 17 Rental real estate, etc, Attach schedule E.
Show the court that: the child is deceased; the child is emancipated; the child has attained majority; you have no income other than public assistance.
Only as it addresses an personal obligation by a business owner.
Yes, he will have to pay a percentage of it. Any form of income is not only taxable, but will require whatever percentage is stated in the contract.
You can file for modification on the basis of a lower income. You cannot file for reduced child support because she is now married, though you could use that as a basis to terminate alimony.
Under federal law, veteran disability pensions are generally protected from garnishment, including for child support obligations. However, California law may allow for the offset of past child support from certain types of benefits. It is recommended to consult with an attorney or state agency familiar with California laws regarding child support and veterans' pensions for specific guidance.
Depending on the placement of the child(ren), it's all a percentage of each parent's income. The parent who makes more will be required to provide a larger percentage of the child's support. It's calculated by the state. They have a form to calculate the amount based on each parent's income and expenses. It's a standard (not usually negotiable) calculation.
from child support enforcement