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have previously discussed child support and how to calculate guideline child support obligations based on income in Texas. But what exactly is income? Sometimes that question can be tricky. The Texas Family Code actually uses the term “net monthly resources.”
Net resources includes all wage and salary income, but it also includes most money received from any source. According to Texas Family Code Section 154.062 net resources also include self-employment income, net rental income, interest income, trust distributions, annuity income, and gifts and prizes. Other benefits, included as net resources, include:
1. Severance pay,
2. Retirement pay,
3. Social security benefits (other than supplemental security income),
4. Veteran’s Affairs disability benefits,
5. Unemployment benefits,
6. Disability & worker’s compensation benefits,
7. Alimony, and
8. Child support received.
Section 154 also includes what resources are not included in the “net resource” calculation including, (1) return of capital or principal, (2) accounts receivable, (3) welfare benefits, (4) foster care payments, and (5) spouse’s income.
Since the child support guidelines start with determining what the net resources of a person are, it is important to make sure that you have included all appropriate resources and haven’t included those that are not part of the net resource determination.
If you have questions about child support or if there's been an increase or decrease in salary, you can schedule a consultation in our McKinney office. We can sit down, go over the numbers, and calculate what child support based on that change in circumstances.
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