NY Clarifies Inflation Adjustment In Child Support
A change in New York law intended to clarify inflation adjustments made every two years for child support is set to take effect in mid-February.
The amendment says the inflation adjustment applied to the combined parental income “cap” will be the sum of two years of changes in the consumer price index for urban consumers multiplied by the existing cap and rounded to the nearest $1,000.
Sponsors say the 2009 law was confusing, using the word “product” instead of sum.
That law raised to $130,000 the combined parental income benchmark, now rising to $141,000.
For incomes up to the benchmark, courts calculate 17 percent support for one child, 25 percent for two, 29 percent for three, 31 percent for four, and at least 35 percent for five or more.
This article appeared in print on page 5 of edition of Hamodia.
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