Divorce FAQ – What counts as income for child support?

27 September 2011 Categories: All Blogs, Family Law and Divorce

At McNulty & Associates, we often receive questions about what is included as income for ths child support calculation in Tennessee. Many people do not think bonuses should be counted, but they are. According to the Child Support Guidelines published by the State of Tennessee, the gross income used to help calculate the child support includes all of the following:

  • Wages;
  • Salaries;
  • Commissions, fees, and tips;
  • Income from self-employment;
  • Bonuses;
  • Overtime payments;
  • Severance pay;
  • Pensions or retirement plans including, but not limited to, Social Security, Veteran’s Administration, Railroad Retirement Board, Keoughs, and Individual Retirement Accounts (IRAs);
  • Interest income;
  • Dividend income;
  • Trust income;
  • Annuities;
  • Net capital gains;
  • Disability or retirement benefits that are received from the Social Security Administration pursuant to Title II of the Social Security Act, whether paid to the parent or to the child based upon the parent’s account;
  • Workers compensation benefits, whether temporary or permanent;
  • Unemployment insurance benefits;
  • Judgments recovered for personal injuries and awards from other civil actions;
  • Gifts that consist of cash or other liquid instruments, or which can be converted to cash;
  • Prizes;
  • Lottery winnings; and
  • Alimony or maintenance received from persons other than parties to the proceeding before the tribunal.
The child support guidelines also state that other sources of income that are not on this list can be counted, but this covers the majority of them.

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