Child Support Calculator
Child support calculations in Colorado can be a complex and overwhelming process for parents seeking to ensure their children's well-being. At Creager Legal, we understand the challenges you may face, and we're here to assist you every step of the way. Experience the reassurance of comprehending child support calculations using our complimentary Colorado Child Support Calculator.
The child support calculator provided on our family law site is for informational purposes only and should not be considered legal advice or a substitute for professional counsel. It offers a general estimation based on user input, but child support laws can vary significantly, and the calculator may not accurately reflect the court-ordered amount. For precise determinations, consult a qualified family law attorney. Using the calculator does not establish an attorney-client relationship, and any reliance on its results is at your own risk. Prioritize open communication and cooperation with the other parent for the best interests of the children involved. Seek professional legal guidance and verify information before making any legal decisions related to child support issues.
Our mission is to provide you with peace of mind and assurance that you are fulfilling your financial responsibilities in the best interest of your child. Whether you need assistance with a new child support calculation, a modification, or have other child support-related inquiries, we are here to help. Contact us today! And speak with our best child support lawyer in Colorado.
​
Child Support Guidelines in Colorado:
​
In Colorado, child support calculations are governed by state statutes and follow an "income shares" model. The key steps involved in determining child support are as follows:
​
-
Gather Income Information: Both parents' gross incomes are considered, including wages, salaries, bonuses, commissions, self-employment income, and other sources of earnings.
-
Determine Combined Income: The total gross income of both parents is combined to calculate the combined monthly income available to support the child.
-
Refer to the Schedule: Colorado has a schedule that provides the basic child support obligation based on the combined income and the number of children involved.
-
Allocate Support: The basic child support obligation is divided between the parents proportionally based on their individual income contributions.
-
Factor in Other Expenses: Additional costs, such as health insurance premiums and childcare expenses, are factored into the child support calculation.
-
Adjust for Custody Arrangements: The number of overnight visitations with each parent is taken into account to adjust the child support obligation accordingly.
-
Finalize Child Support Amount: After considering all relevant factors, the final child support amount is determined.
​
It is essential to adhere to the guidelines, but the court may deviate from them in certain circumstances if it is in the child's best interest. For accurate calculations, it is recommended to seek legal advice from a qualified professional familiar with Colorado's child support laws.
What does Child Support Cover?
Child support covers the financial assistance provided by a non-custodial parent to the custodial parent to support the child's essential needs, including food, clothing, shelter, healthcare, education, and other necessary expenses, ensuring the child's well-being and proper development.
Can I get Back Child Support if I Never Filed?
In some cases, you may be able to claim back child support even if you never filed for it previously. Retroactive child support, also known as back child support, can be sought if there was an existing support obligation that was not fulfilled in the past. However, the rules and eligibility for claiming back child support vary depending on your jurisdiction and individual circumstances. It is crucial to consult with a legal professional to understand your rights and explore the possibility of obtaining back child support to ensure the financial security and well-being of your child.
Is Child Support Taxable?
In general, child support is not considered taxable income for the recipient and is not tax-deductible for the payer. This means that if you receive child support, you do not need to report it as income on your tax return, and if you are the one paying child support, you cannot claim it as a deduction. However, it is essential to be aware of any specific tax laws in your jurisdiction, as they can vary, and certain circumstances or agreements may affect the tax treatment of child support. It is always advisable to consult with a tax professional or seek legal advice to ensure compliance with relevant tax regulations regarding child support.
When does Child Support End?
In Colorado, child support generally ends when the child reaches the age of 19. However, if the child is still in high school at age 19, child support may continue until the child graduates or turns 21, whichever comes first. Additionally, child support can terminate earlier if the child becomes emancipated or if there are other legal arrangements specifying an earlier end date. It is essential to review the child support order and consult with a legal professional to understand the specific rules and circumstances that apply to your situation.
Top Related Child Support Readings...
Delve into the critical distinctions between spousal support and child support, uncovering their unique roles in post-divorce financial arrangements and the factors that influence their calculations.
Navigate the complexities of child custody arrangements across state lines, understanding legal considerations, challenges, and potential solutions for parents living in different states
Explore the dynamics of child support obligations in cases of shared custody arrangements, analyzing how co-parenting agreements can influence financial responsibilities and provide for children's well-being