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In cases in which the parties share equal parenting time and have similar incomes the child support calculation could render a result such that neither pays the other any support. A common misconception is that because there is 50/50 parenting time, neither owes child support, which is just not true.
A: The standard child support percentage is 20% of the parents' combined gross income. An additional 10% is added for each additional child. If there are extenuating circumstances, the court may call for a higher or lower percentage to reflect your situation.
In most situations, regardless of shared physical custody, both parents must contribute to their child's financial support. In circumstances where the income levels of both parents are nearly identical, it's feasible that neither parent will be responsible for paying child support to the other.
Understanding Income in Colorado's Child Support Guidelines Either way, it's essential to consider all forms of income when making the child support determination including: Wages, salary, and tips. Required overtime pay. Commissions.
All child support review requests must be made in writing at the county child support office handling your case. The request must also include an Income and Expense Affidavit, supporting documents and list the reason for the change. Following the review, the child support order may go up, down or stay the same.