In Illinois, child support is determined by a formula that considers your net income and the number of children you support. Because of difficult calculations regarding what a person’s income actually is comprised of and what taxes and deductions are allowed, hiring the right attorney for the job is crucial. The Law Offices of George J. Skuros has decades of experience in Child Custody and Child Support matters. Contact our office to get the help you need from a professional.
Illinois Has Changed the Formula to Calculate Child Support
As of July 1, 2017 Illinois has become the 40th state to adopt the income shares model to calculate child support. In the past IL has used the percentage guideline formula to determine child support. A set percentage of support was used based on a parent’s net income which increased with the number of children being supported.
The income shares model is based on data that factors more than just the income of one parent. Factors now considered involve the income determination of both parents. Once the individual net monthly incomes are determined they are added together.
Once the basic support obligation is determined the percentage contribution of each parent is calculated. The parent who has the majority of parenting time received the support payments. However other factors can adjust the support obligation
Child Support and Higher Education
In Illinois, child support stops when the child reaches 18 or graduates from high school. However, both parents may be required to contribute to college expenses under a separate Illinois statue. The amount of college and post high school support is determined not just by the income of the parents, but by both the income and assets of both parents and the child. It also takes into consideration all scholarships and loans, the cost of the school, and numerous other factors.