When many Maryland residents think of income, they may think solely of the money they receive from their jobs. This is typically in the form of a weekly, biweekly or monthly paycheck. However, when a parent must make child support payments, the courts consider just about any type of money received to be included in his or her actual income amount. According to General Assembly of Maryland, income is a broad term that encompasses a variety of monetary sources.
Posts tagged "child support guidelines"
Raising a child can be quite costly in today's world. According to a new annual report known as the Cost of Raising a Child report, the USDA found that middle class families that had a child in 2012 can expect to spend $241,080 raising that child to age 17. This equates to a 2.6 percent increase since 2011 with the jump resulting from higher healthcare, child care, education, and clothing costs. The USDA claims this report is helpful for families who are planning on having children and also for courts setting child support guidelines.
When our readers hear about a child support dispute, they probably think of a non-custodial parent paying late - or not at all. There can be many reasons that lead to issues with delinquent payments or failure to pay child support, especially with the national economy still stuck in such a stagnant state of growth. However, as suggested in a recent article, issues with child support can be approached in a much more conciliatory manner if the parent who is to receive the child support payments maintains some flexibility in the process.
State and federal legislators are usually doing their best to keep laws up-to-date and in line with the most recent evidence of effectiveness. Family law has traditionally been within the realm of state law, with the legislators in each state laying out their own unique approaches to the many different problems within this area. However, over the recent Father's Day weekend President Obama waded into this complicated area of law, saying in a speech given that day that Americans should "reform our child support laws to get more men working and engaged with their children."