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390 N. Orange Ave. Ste 2300
Orlando, FL 32801
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1100 Brickell Bay Drive. Box 310181
Miami, FL 33131
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The love and care for a child is priceless. However, in the event of a separation or divorce, the law mandates that both parents provide financial support for the upbringing of their child. This is where the concept of child support comes in. Child support is a legal obligation that requires a non-custodial parent to pay a fixed amount of money to the custodial parent or caregiver to cover the costs of raising their child. In this blog post, we take a closer look at how child support is calculated in Florida.
In Florida, child support is calculated through a specific formula established by the state’s Child Support Guidelines. The formula relies on four main factors: the income of both parents, the number of children involved, the percentage of overnight stays each parent has with the child, and any additional costs related to the child's healthcare or education.
To begin with, the income of both parents is used to calculate child support in Florida. Each parent's income is considered, including salaries, wages, bonuses, commissions, disability benefits, and even self-employment income. The number of children involved in the equation is also considered when calculating child support. The more children a couple has, the larger the amount of child support the non-custodial parent is required to pay.
Additionally, the percentage of overnight stays each parent has with the child determines the value of child support to be paid. In Florida, overnight stays by the non-custodian parent are taken into account when calculating child support so that the amount is divided fairly based on the time each parent spends with their child. The Florida Child Support Guidelines provide specific instructions on how to factor in the number of overnight stays each parent has with the child.
Finally, any additional costs related to the child's healthcare or education are also considered when calculating child support in Florida. Any recurring medical expenses of the child are shared by the parents based on their income, and the amount is added to the total value of child support.
The amount of child support to be paid in Florida is not arbitrary but is calculated using a specific formula that considers the income of both parents, the number of children, the percentage of overnight use, and any additional childcare expenses. As a result, it is essential for both parents to provide accurate financial information and work closely with their lawyers to ensure that the support payment is fair and justifiable. At the end of the day, child support is all about ensuring that the child's needs are met, and both parents play an important part in it.
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Orlando
390 N. Orange Ave. Ste 2300
Orlando, FL 32801
Miami
1100 Brickell Bay Drive. Box 310181
Miami, FL 33131
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