Augusta GA Child Support Payments
Child support is neither taxable nor deductible. In Georgia, an obligation of child support continues until child support modifications are formalized by a formal order of the court. The parties cannot agree to alter it without court intervention, and it will not change or terminate when a child goes to stay with the other spouse. There is no statute of limitation on the collection of past due support, and interest will be added at the statutory rate from the time each payment is payable. Fixed payments for child support cannot be deducted for tax purposes. If the amount paid is reduced contingent to the child – like as reaching a pre-determined age, dying, leaving school or marrying – the amount of the specified reduction will be treated as child support.
AugustaGA uses the percentage of income formula which fixes the amount of child support as a percentage of the income of the parent obligated to pay the child support. This percentage is determined by factoring the number of children needing support. This is the most basic or standard method for calculating support. Most people think that it does not take into consideration many important details, which makes this model of support calculation inaccurate.
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Shawn Gunder is an Augusta GA divorce lawyer & Georgia Military Divorce Lawyer He is an Augusta military divorce lawyer, GA child custody attorney and Augusta Georgia child support attorney.
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