When it comes to a child support agreement, both sides may have questions. Each state has different laws regarding child support. Read on to learn more about some of the most commonly asked questions regarding child support in New York State.
How is Child Support Determined?
The Child Support Standards Act puts a uniform system in place to mitigate the impact your divorce will have on your child with financial assistance. The formula for calculating child support in New York is based on a percentage of the combined income of each parent and the number of children that require financial support. If the combined parental income exceeds $143,000 the court will apply the following child support percentages:
- One child- 17%
- Two children- 25%
- Three children- 29%
- Four children- 31%
- Five or more children- at least 35%
In addition, the court may examine the following factors when making a decision regarding child support:
- How many children are in your household
- Whether you or your former spouse have hefty medical bills
- Your gross yearly income
- Your child’s age
- Whether your child has any special needs
- Whether your child is pursuing a higher education
Can I Modify my Child Support?
You may be able to increase or decrease the amount of child support, depending on the situation. But, in order to do so, you will have to the court that a significant change has occurred in your life that will impact your financial situation going forward. This may include:
- An increase or decrease in income
- A change in federal income tax law
- Loss of job, or, on the flip side, a promotion
- A spouse remarries
- A spouse loses their home
- The supporting parent has suffered a significant medical injury or condition
When Does Child Support End?
In New York, the age of emancipation is 21. This generally means that child support can end when your child turns 21. But, in some cases, child support can be extended, or terminated early. For example, child support may be extended if your child intends to pursue higher education.
If you have any additional questions or concerns regarding child support in New York, contact our firm to speak with an experienced family law attorney.
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Matters of divorce and family law should be navigated with the guidance of an experienced attorney. If you need strong legal representation regarding matters of divorce, family law, and estate law, contact the Law Offices of Susan A. Kassel, P.C. to schedule a consultation today.