Pre-Divorce
Details
Tax Filing Status: Married Joint
Gross Annual Income: $28,800 ($14,400 Non-custodial, $14,400 Custodial)
Qualified Plan/IRA Contributions: $0
Health Care Premiums: $0
Childcare Expenses: $3,600
Itemized deductions: $100
Number of Personal Exemptions: 4
Number of dependents under 18: 2
Tax Calculation
Taxable Income: $28,800 – $24,400 = $4,400
Taxes: $0
Credits: $8,990
Net Taxes after credits: -$8,900
Post-Divorce
Parent#1 (Custodial Parent)
Details
Tax Filing Status: Head of Household
Gross Annual Income: $14,400
Qualified Plan/IRA Contributions: $0
Health Care Premiums: $0
Childcare Expenses: $0
Itemized deductions: $200
Number of Personal Exemptions: 3
Number of dependents under 18: 2
Tax Calculation
Taxable Income: $14,400 – $18,350
Taxes: $0
Credits: $9,760
Net Taxes after credits:-$9,760
Parent#2(Non-Custodial Parent)
Details
Tax Filing Status: Single
Gross Annual Income:
Qualified Plan/IRA Contributions: $0
Health Care Premiums: $0
Itemized deductions: $100
Number of Personal Exemptions: 1
Number of dependents under 18: 0
Tax Calculation
Taxable Income: $14,400 – $12,200 = $2,200
Taxes: $0
Credits: $3,526
Net Taxes after credits: -$3,526
Child Support Award (monthly)
Combined Monthly Income: $2,400
BCSO: $727
Pro-rata share: $364 (Non-custodial), $364 (Custodial)
Child Care Expenses: $0
Pro-rata share: $0
Healthcare Premiums: $0
Pro-rata share: $0
Total Pro-rata (non-custodial): $364 (Non-custodial), $364 (Custodial)