Attention high-income earners with children!
There are new guidelines effective September 1, 2013. In order to calculate the maximum that a parent paying child support can pay, the capped amount has risen from $7,500 to $8,550. This is a cost of living increase that should remain in place for the next six years.
Previously, max child support for one child was 20% of $7,500 (or $1,500). Now, the new guideline is 20% of $8,550 for one child (or $1,710).
CHILD SUPPORT GUIDELINES BASED ON THE MONTHLY NET RESOURCES OF THE OBLIGOR
1 child 20% of Obligor’s Net Resources
2 children 25% of Obligor’s Net Resources
3 children 30% of Obligor’s Net Resources
4 children 35% of Obligor’s Net Resources
5 children 40% of Obligor’s Net Resources
6+ children Not less than the amount for 5 children
On or after September 1, 2013, the maximum amount of child support in Texas for one child is $1,710 per month; $2,137.50 for two; $2,565 for three; etc.
The exception is when there are other children that are being supported by the obligor (the parent paying child support). In these cases, use the Multiple Family Adjusted Guidelines table for reduced percentages:
Beginning in 2007, the cap on the maximum average net monthly resource amount began adjusting every six years according to inflation. Therefore, these current caps should remain in place until they are increased in 2019.
The Law Office of Natalie Gregg
(972) 829 – 3923