Every parent is required to support their children. The law requires that almost all kinds of income must be used to calculate child support. Even things like overtime, lottery winnings, and unemployment benefits must be added in. Welfare benefits or income from an SSD award
are the only money that cannot be used to calculate child support. When one parent does not work, but is able to work, the law allows the court to impute or assign income to that parent. From your income. Your gross income is reduced by your taxes. If you have mandatory deductions like child support for other children, alimony orders, union dues or certain government benefits are subtracted. However, if you make payments to a credit union loan, or a retirement plan (401K) or a savings plan, the New Jersey court rules require that those funds are counted toward income available for child support.
After all sources of income is identified and the deductions taken, the amount left to each parent is called his net income. The net income of each parent is put into one big pot. The money is the sum available to support the child or the children. Next, the court uses the “child support guidelines” to determine the amount of the award. The child support award depends on the amount of money available and the number of children. The number on the chart is the basic child support award.
When there is a visitation or parenting plan in place, it will show the number of days, or overnights the child spends with each parent. A special deduction is calculated for the parent who may pay support, based on the time spent with the child. If your child will spend more than 28% overnight time or more than 105 nights with the non custodial parent, it is deemed shared parenting. If a family has certain add-on expenses, like child care or health insurance for the children, those costs are added to the basic support amount and split the same way as the basic amount from the chart. Also, some. The law says that the amount left, after all of the above steps are done, is the right and legal amount of child support. If parents, lawyers, or the Court want to use a different amount, they have to give a special reason why the amount from the calculation isn’t being used.