New York utilizes a formula when calculating maintenance (spousal support) and child support. For both maintenance and child support, a standard formula applies up to a certain income cap. If the individual paying support has income over that cap, the court has the ability to award additional support based on a list of factors. The amount of the cap is adjusted every two years. The current cap went into effect in 2020, so it is set to be adjusted this year.
It was recently announced that the new cap on income for calculating child support and maintenance will go into effect on March 1, 2022. The new cap on the combined parental income for child support will increase from $154,000 to $163,000. The cap for calculating maintenance will increase from $192,000 to $203,000.
If you have any questions on how this adjustment may impact your child support, the best thing to do is contact an attorney to help you best protect your rights. Call our Poughkeepsie office at 845-330-0650 or email us here to schedule your initial consultation today.