Under the new child support statute, (effective July 1, 2017), some of the usual deductions to be made from gross income to determine one’s net income for purposes of child support calculation, are no longer allowed. Currently, a child support payor can not only deduct appropriate state and federal taxes, but also, union dues, cost of health insurance coverage for both individual, family or dependants, mandatory retirement contributions, and other mandatory expenses. Under the new income shares model for calculating both parents obligation to pay child support, only the appropriate tax payments and the cost of providing health insurance for the child(ren) can be deducted to determine net income.
There are some exceptions, but for the most part, allowable deductions have been greatly reduced, thus potentially raising the net incomes used to determine each parent’s child support obligation.
John Rossi is a partner with McNamara Phelan McSteen, LLC. He has been practicing in the field of matrimonial and family law for almost two decades, and acts as an appointed mediator for Will County family mediations. He also acts as a court-appointed guardian ad litem, and is an experienced real estate and probate attorney. Contact John for a consultation regarding the impending changes to Illinois matrimonial law.