In divorces here in Colorado, among the things that can have big impacts on parents and families are the state’s child support guidelines. These guidelines are what courts in the state use to calculate payment amounts when child support decisions come before them.
Now, child support is among the issues divorcing parents can decide to settle through an agreement rather than having a court decide on the matter. However, the child support guidelines are still impactful in this situation. This is because child support agreements reached by parents are subject to court approval. If an agreement deviates a great deal from the guidelines, it could have high likelihood of not getting approved.
The guidelines set out calculations and factors courts are to use when determining child support obligations. The base number the calculations are applied to is the combined gross income of the two parents. So, what does and doesn’t count as gross income for these purposes can be very impactful in child support matters.
Most types of income are included in gross income under the guidelines. However, there are a few exceptions. Included among these exceptions are:
- Certain retirement-plan-related income
- Income from a qualifying second job
- Public assistance
- Child support payments
Understanding what income-related issues and other factors can have impacts when it comes to the child support guidelines can be very important for divorcing parents here in Colorado. Such parents can get guidance on these matters and other important issues related to child support from skilled divorce attorneys.