SPARC Forums

I was wondering since I read that the child tax credit is $1000 per child from now until 2009 I believe, what, if any, could the effects be on a new child support order?  

Facts:  Dh child support order was set in CA back in June 2001 (actually order was made in May 1999 but not finalized until then).  There are two children.  DH originally (from 1996 throough 2000) had one exemption and mother had the other.  Mom decided she wanted the deduction so DH lost the exemption from 2001 on.

Would there be any significant change in your opinion?

>Would there be any significant change in your opinion?

No way to tell without all of both parents' financial info.

being a higher amount now that in the past?  

Here is what the info was back in 2000.  

There are 2 children involved.  Mom has both exemptions.  Dad has two other children and mom has one other child.

DAD's-
Percentage of time 23%
Monthly Gross $3200
Filing status - Married filing jointly
Federal Exemptions - 4
New spouse income - $4000
Health Insurance - $124
Property Tax - $30
Interest Expense - $711
Union Dues - 170
Mandatory Retirement - $355

BM's info
Percentage of time 77%
Monthly gross (imputed) $3200
Federal Exemptions - 5
New Spouse Income $6525
Health Insurance - $125
Property Tax - $224
Interest expense - $1200

Can you see what the totals would be?

I'm coming up with father pays mother $606 per month.

.

I missed your $355 monthly mandatory retirement contribution. That would lower your payments to $491.