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Do I get a tax deduction for paying child support?

If you and your spouse in Pennsylvania are considering a divorce or maybe are already in the midst of your divorce negotiations, you will no doubt have many questions about how the ultimate settlement will affect you financially. In addition to living on a lower income and maybe having to move, you will want to understand the potential tax implications of some of the decisions that may be part of your final agreement.

Can I buy non-essentials with child support?

It is difficult in many ways to be a single parent. You are often emotionally drained, and finances only add to your worries. Every penny of child support you receive is crucial to you and your children. You and other custodial parents in Pennsylvania might worry about the consequences of buying something your children don’t need with the child support money you receive.

Private school and child support

Divorcing spouses in Pennsylvania who have minor children often need to determine if one person will pay child support to the other and, if so, how much money will be paid every month. When evaluating this, it is always important that you have a clear understanding of the purpose for child support as there are some expenses that may be outside the scope of these payments. If you are the spouse who will receive child support, you will want to know what additional expenses you may be liable for on your own.

College costs and divorced parents

Spouses in Pennsylvania who have children still in high school or lower grades when they get divorced will want to pay special attention to planning for the cost of college during their divorce. as explained by Student Loan Hero, it is not uncommon for divorce decrees to stipulate financial support for children up to the age of 18. In some cases, a clause may include support through high school graduation, understanding that many children turn 18 during their senior year of high school.

The effect your financial situation has on child support

When Pennsylvanian parents split, there are still financial matters to take care of, such as child support payments. Support payments in particular can get a little tricky, but the plus side is that they're also very flexible and can change based on one's financial situations.

Understanding the income shares model

Are you the parent of a minor child or children in Pennsylvania who is getting divorced? Maybe you have never been married to your child's other parent. In either situation, one fact is true and that is the fact that both parents have a financial responsibility to their child. If you are raising your child and interested in seeking child support from the other parent, it will be important for you to understand how these awards are determined.

Understanding the Acknowledgement of Paternity

If you are an unmarried woman in Pennsylvania who is pregnant or recently had a baby, you may want to know how you can legally establish the paternity of your child in part so that your child may receive child support from the father. If you are the father of a baby but are not married to the mother, you may want to ensure your paternity is legally established so that you may enjoy your full parental rights and help to raise your child.

Detailing Pennsylvania's child support guidelines

Most divorced parents in Reading likely anticipate having to pay some amount of child support each month. That said, those same people would likely agree that they do not want such payments to be viewed as being punitive. Some may believe that child support is a way in which one can get back at his or her ex-spouse by taking as much of his or her money as possible through child support. The truth is, however, the court does not allow that. It only wants to ensure that children have as much as is required to meet their needs. 

What exceptions are considered when making child support plans?

Pennsylvania parents who are getting a divorce will not only have to deal with their own assets. They'll also have to deal with their child, and how to raise them. At Palange, Endres & Marks, P.C., we focus on helping parents like you find child support payment plans that work best for everyone involved.

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Palange, Endres & Marks, P.C.
720 Centre Avenue
Reading, PA 19601

Phone 610-674-0712
Toll Free 800-634-1983
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