Future income?


#1

Unless things have changed, I do not believe that child support must be included as income. I do not believe that it has to be taxed. I’m impressed that you would include it as income but by law I’m not sure that it has to be…maybe someone else has some different information on this.
EDIT: If you are asking whether child support could be changed after you begin receiving retirement income then IMHO it should be. If the income that you will be receiving is 15% greater than what you receive now then it should be recalulated to be fair. It would take a lot of time a paperwork down the road to recalulate it afterwards…


#2

Your agreement should cover this issue, however money you receive as a property settlement is not generally considered income.

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#3

Hi

If my separation agreement stipulates the amount I will receive of my soon to be ex husband’s military retirement - which he is receiving right now and which I will get my share of the month following the signing of the agreement - should the child support I receive as soon as the agreement is signed be calculated with the retirement share as income for me, or do we need to recalculate the child support when I start receiving the retirement portion?