Figuring out child support when people are self employed and income fluctuates
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Anonymous
| Child support is calculated using current income, but what do self employed people do, given that their income can fluctuate wildly from year to year? Exchanging tax returns every year and adjusting child support at that time, if needed, doesn't really solve the issue, because the tax returns are about what happened in a previous year. Any advice for how self-employed individuals can calculate the child support, or what clauses to put in the rest of the divorce agreement to account for it? |
Anonymous
| I have the same question. Was thinking of using avg of last three years salary, except spouse has suddenly been working a lot more since we separated. Go figure.... |
Anonymous
| And wondering if one can build in an increase over time. |
Anonymous
| Usually child support will only be adjusted if there's more than a 20% change to the amount due. Your best bet is to exchange information yearly. |