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  2. Child support in the United States - Wikipedia

    en.wikipedia.org/wiki/Child_support_in_the...

    Division of Child Support Enforcement [11] Arizona Child Support Guidelines [12] is based on the Income Shares model. [13] Division of Child Support Enforcement [14] Arkansas Administrative Order of the Supreme Court No. 10 [15] Division of Child Support Enforcement [16] California Family Code §§ 4050-4076 [17] is based on the Income Shares ...

  3. How To Report Child Support Income on Your Taxes - AOL

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    The Internal Revenue Service's deadline for filing and paying your 2022 taxes is April 18, 2023. It's never too early to start planning for Tax Day -- and it's better to answer any questions you ...

  4. Income shares - Wikipedia

    en.wikipedia.org/wiki/Income_Shares

    An income shares formula is used by many states to establish the child support amount of each child rather than what it actually costs to raise a child. According to the National Conference of State Legislatures, In income share model, both parents responsible for the children for contributing financially to the children.

  5. Disposable income - Wikipedia

    en.wikipedia.org/wiki/Disposable_income

    Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]

  6. How To Report Child Support Income on Your Taxes - AOL

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  7. Borrowing money from your home to pay for your child’s college

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    Home Equity 41% of families borrow money to cover college expenses, while 72% use parental savings and income, according to data from Sallie Mae. The trend of using a home equity loan for student ...

  8. Child support - Wikipedia

    en.wikipedia.org/wiki/Child_support

    Under California law, for example, child-support money may be used to "improve the standard of living of the custodial household" and the recipient does not have to account for how the money is spent. [26] Child support orders may earmark funds for specific items for the child, such as school fees, day care, and medical expenses.

  9. Year-end financial checklist: Your guide to reviewing and ...

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    For premium support please call: 800-290-4726 more ways to ... For money you won't need for several ... having a baby or experiencing significant income changes that affect your eligibility for ...

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