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Why Do Child Support Assessments and Income Tax Go Hand-in-Hand?

Why Do Child Support Assessments and Income Tax Go Hand-in-Hand?

Why do child support assessments and income tax go hand-in-hand? The answer is simple. Whatever reduces one usually also reduces the other.

If you pay child support and receive child support assessments, the higher your income the higher your child support.

Guess what. Your income tax is the same. The higher your income the higher your income tax. So whatever you do to reduce your tax, often also reduces your child support if you are the one paying child support.

The same applies to deferring part of your income. Whatever you do to defer income for tax usually also defers your income for child support.

However, some things work for tax but not for child support: 10 Ways NOT To Reduce Your Child Support

Makes sense? Reach out when you feel ready. It all depends on the details.