Disability and personal injury settlements (except those for property damage).Military pay, including allowances and allotments.Examples of income may include, but are not limited to, the following: What Counts as Income?įor the purpose of determining both child support and alimony in Massachusetts, income is defined as gross income from whatever source, regardless of whether that income is recognized by the Internal Revenue Code or reported to the Internal Revenue Service or state Department of Revenue or other taxing authority. How income is defined and calculated, therefore, is a crucial aspect of the divorce process. Both child support and alimony are determined, at least in part, on each party’s income. Because divorce often results in a significant change in financial status for both party’s post-divorce, the law also allows one party to request alimony from the other to address that inequality.
When the parents of a child decide to end their marriage, the law imposes a continuing obligation on both parents to financially support the child until he/she reaches adulthood.
0 kommentar(er)
