How much will I receive/have to pay for child support?
- In New York, there is a part of the law called the Child Support Standards Act which sets up a formula to determine the amount of child support considering, among other things, the parents’ incomes. The Court may grant a “variance” from the set formula based on certain factors.
- The current statutory formula percentages are as follows:
- One Child 17%
- Two Children 25%
- Three Children 29%
- Four Children 31%
- Five + Children no less than 35% What about day care expenses?
- If the custodial parent is working or going to school, the Court may require each parent to pay his/her pro-rata share of child care expenses. These pro-rata shares are normally calculated by determining what proportion of the parents’ combined income each parent’s income makes up.
Posted in: CHILD SUPPORT