Parental income plays a role in child support orders

On behalf of Stange Law Firm, PC posted in Child Support on Thursday, December 26, 2019.

Judges will typically account for any type of income that a parent receives when determining how much child support that person must provide. An Illinois judge may count wage income, dividends obtained from a stock portfolio or employer contributions to a retirement plan as income. Other sources of income may also be considered if it helps create a support order that preserves the best interest of a child.

A judge may look at a parent’s tax return when determining what types of income he or she has. However, it may be possible for the person crafting a child support order to do more research into a parent’s financial situation. This may occur if a judge suspects that a person is hiding or not reporting all of his or her income. Further research may also be conducted to determine if a parent is reaching his or her true earning potential.

Income may be imputed to a parent if the facts in the case support doing so. For example, it likely wouldn’t be difficult to assert that a person with an advanced college degree could do better than working at a grocery store. Any income gifted to a parent from another family member or any other source may also be imputed for the purposes of crafting a fair child support order.

Individuals who fail to pay child support may face a variety of penalties such as the loss of professional licenses or spending time in jail. They may also be ordered to pay interest on any payments that are in arrears. A child support modification order may make it easier for parents to pay what they owe in a timely manner. Obtaining a modified support order may be easier with the help of a family law attorney.

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