Income That is Counted Towards Child Support in Texas
Every state has its own specific laws and regulations governing divorce and child custody. One area where such regulation exists is child support payments and what type of income counts towards them.
Before specifying what income is counted, however, it is important to specify what income is not counted. There are three categories of income that do not count towards child support under Texas law:
- Accounts receivable, which is money that is owed to an individual—essentially, income an individual does not have at the time of child support payment calculation but will later because of being a creditor
- Other aid received for dependent children
- Returns that accrue to capital or principal
Excluding the above, the following forms of income are used to calculate child support payments:
- Net rent income, which consists of any income derived from renting property, like land or homes, after all expenses have been paid
- All income earned as a result of being self-employed, for example by owning your business
- All wages, tips, and salaries from all jobs
- Income that accrues from dividends, royalties, and interest
Child support payments are a contentious issue because many divorced spouses feel that they have to pay too much. Moreover, they feel that their former significant others may be using the child support payments for themselves rather than their children.
Contact Us
If you are undergoing a divorce and fear that you may have to pay too much child support, or that you will receive too little child support, a lawyer who specializes in divorce can help. Contact the Frisco divorce lawyers of Alexander & Associates by calling 972-420-6570.
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