Navigating the intricacies of child support calculations can be overwhelming for parents going through a separation or divorce. At Baker Law Group, we understand the complexities involved and are here to provide a comprehensive look at the factors influencing child support calculation in Colorado.
Colorado Child Support Guidelines
This approach takes into account the gross income of both parents and estimates the amount that would have been allocated to the child’s needs if the parents lived together.
Colorado’s child support guidelines provide a formula to calculate child support based on both parents’ combined adjusted gross income and the number of overnights the child spends with each parent.
Key Factors Considered in Child Support Calculations
- Gross Income: Both parents’ gross income is the first factor considered in child support calculations. It includes wages, salaries, bonuses, commissions, income from self-employment, and more. Certain exclusions can be made, such as child support received for other children or public assistance.
- Adjustments for Other Biological Children: If a parent has other biological or legally adopted children in their primary care, the court may deduct a portion of their gross income to account for their needs before calculating child support.
- Parenting Time (Overnights): The number of overnights the child spends with each parent significantly impacts the child support calculation. The state of Colorado employs a shared physical care calculation when a child spends more than 92 nights a year with each parent.
- Health Insurance & Medical Costs: The cost of health insurance for the child and any extraordinary medical expenses are divided between the parents based on their respective incomes.
- Childcare Costs: Work-related childcare costs are factored into child support calculations, and like health insurance costs, these are divided between the parents according to their proportionate incomes.
- Educational Expenses: Any special educational needs or private school tuition may also be factored into the child support calculations, depending on the circumstances.
Child support calculations are designed with the child’s best interests in mind, aiming to maintain their standard of living and provide for their needs adequately.
Understanding the factors influencing these calculations is essential in preparing for what to expect.
We’re here to provide the guidance and support you need, ensuring your child’s best interests are prioritized.
Whether you’re just beginning the process of determining child support or need help modifying an existing order, don’t hesitate to contact our team of dedicated Colorado Family Attorneys.
We’re ready to help you understand and navigate this essential aspect of family law in Colorado.