What Income Does the Court Consider in Calculating Child Support?
The court considers the following resources to determine the net income for child support calculations under Section 154.062 of the Texas Family Code:
(1) 100 percent of all wage and salary income and other compensation for personal services (including commissions, overtime pay, tips, and bonuses);
(2) interest, dividends, and royalty income;
(3) self-employment income;
(4) net rental income (defined as rent after deducting operating expenses and mortgage payments, but not including noncash items such as depreciation);
and
(5) all other income actually being received, including severance pay, retirement benefits, pensions, trust income, annuities, capital gains, social security benefits other than supplemental security income, United States Department of Veterans Affairs disability benefits other than non-service-connected disability pension benefits, as defined by 38 U.S.C. Section 101(17), unemployment benefits, disability and workers’ compensation benefits, interest income from notes regardless of the source, gifts and prizes, spousal maintenance, and alimony.
Looking for a Family Attorney?
From filing for a divorce and obtaining a fair division of property, to ensuring that your children are supported financially, we are passionate about being your advocate as your family attorney.
Learn How the Liu Law Firm May Help You
Get In Touch With Us
Submission of this form confirms your acknowledgment and understanding that no attorney-client relationship with our firm has been created.