Child support changes in Texas every year because it is based upon the earnings of a single person taking the standard deduction and one personal exemption. The 2013 version of CS Calc incorporates the changes made by the American Taxpayer Relief Act of 2012, also known as the "fiscal cliff" legislation.
This year's version of CS Calc adds another feature: A deduction for mandatory retirement contributions when the person's profession (for example, public school teacher) does not require payment of social security taxes. The Texas legislature recognized that it would be unfair to require these persons to pay child support without a deduction for the mandatory retirement contributions. CS Calc 2013 includes a field to calculate child support when there is no social security paid.
CS Calc 2013 includes a maximum of six inputs to calculate Texas child Support:
- Whether self employed
- Gross income (annually, monthly, twice per month, every other week or weekly)
- Number of children before court
- Cost of health insurance for children
- Number of other children supporting
- Mandatory retirement contribution if no social security paid
For more information, visit VernerLegal.