Whether you are an attorney, a parent receiving child support, or a parent paying child support, you want to know that starting September 1, 2013, it is very likely that the cap on net monthly income used to calculate child support will rise from $7,500.00 to $8,550.00.
That means for one child, an obligor who ‘caps out’ would see his child support rise from $1,500.00 to $1,710.00 per month. That is a difference of $210.00 per month, $2,520.00 per year, and if a child was just born, an increase over the 18 years (at least) of child support owed of $45,360.00.
For obligors, it might be time to do a little additional financial planning – especially since that cap will likely rise again during the course of that child’s life.
For obligee’s, consider contacting the obligor and seeing if they would agree to forgo litigation and agree to the increase with an Agreed Order. That saves you both the time and money of going to Court.