Alimony Calculator For Illinois
Description
How to fill out Affidavit Of Defendant Spouse In Support Of Motion To Amend Or Strike Alimony Provisions Of Divorce Decree Because Of Obligor Spouse's Changed Financial Condition?
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FAQ
Alimony is no longer tax-deductible, so it isn't a tax advantage to the party who pays the spousal support. It can't be written off as a deduction like child support payments. Typically, the higher-income earner in a higher tax bracket is responsible for paying the child support.
The basic formula for alimony in Illinois is fairly simple: (33% of the payer's net income) ? (25% of the recipient's net income) = the yearly maintenance paid. One condition to this is that the amount awarded cannot cause the receiving spouse to earn more than 40% of the couple's combined net income.
Guideline Maintenance The final maintenance amount can't be more than 40% of the combined net income of the parties. After calculating the amount, the court uses a formula based on the length of the marriage to determine how long the payor must pay maintenance.
One way to avoid paying alimony is to prove that your marriage only lasted a short time. In Illinois, the courts consider a marriage to be short-term if it lasts less than 5 years. If you show that your marriage fell into this category, it is less likely that the court will order you to pay alimony.
Under these guidelines, there is a standard equation used to calculate alimony: (33.3% of payer's monthly net income) ? (25% of receiver's monthly net income) = Amount paid per month.