Tennessee DOMESTIC RELATIONS — Income Statement is a document prepared by the Tennessee Department of Human Services Division of Child Support Services (CSS) that provides detailed information about each party’s income and other financial resources. The Income Statement is used to help determine the amount of child support owed and may include income from all sources, such as wages, unemployment benefits, Social Security Disability, alimony, and pensions. There are two types of Tennessee DOMESTIC RELATIONS — Income Statements: an Income Statement for Employed Persons and an Income Statement for Self-Employed Persons. The Income Statement for Employed Persons includes gross wages and other income, deductions, and net wages. The Income Statement for Self-Employed Persons includes gross income, deductions, and net income. Both statements must be accompanied by proof of income.
Tennessee DOMESTIC RELATIONS - Income Statement
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FAQ
Income eligibility for certain TennCare Medicaid categories and CoverKids is determined using the Modified Adjusted Gross Income (MAGI) methodology. In general, countable income includes income types that are taxable under federal tax law and excluded income includes income types that are non? taxable.
Child support covers childrearing essentials, which include shelter, food, education, transportation and clothing. Some parents use child support for costs related to child care essentials, such as paying a mortgage or rent to provide a child with shelter or car maintenance to transport a child.
How Does Tennessee Calculate Imputed Income? Tennessee courts impute income in two situations: when a parent refuses to produce reliable proof of his or her income, and when a parent is voluntarily unemployed or underemployed. A parent can't escape paying child support just by refusing to show proof of income.
WITHHOLDING LIMIT The amount withheld for support may not exceed fifty percent (50%) of the employee's/income recipient's net wages or other income. (T.C.A. § 36-5-501(a)(1)) It is the employer's responsibility to determine when the 50% level is met.
The amount you are permitted to withhold from an individual's income cannot exceed 50% of their net income (the amount after FICA, withholding taxes, and a health insurance premium that covers the child/ren have been deducted).
Calculate Each Parent's Adjusted Gross Income To calculate each parent's "adjusted gross income" (AGI), add up all income, from all sources. For child support purposes, gross income includes, but isn't limited to: salaries, wages, tips, and commissions. payments from pensions and retirement plans.
Can Tennessee courts deviate from the guideline formula? # of ChildrenBase amountPercentage of income above $28,2501$2,2216.81%2$2,8037.22%3$2,9547.77%4$3,2948.05%1 more row ?