Generally, the list of what counts as income for child support purposes is very broad, including (among other things) rental income, capital gains, unemployment benefits, monetary prizes (i.e., lottery winnings), interest, bonuses, dividends, and commissions. However, there are a few categories of income thta Colorado does not include in the calculation.
Calculating child support is one of the key discussions during any divorce or allocation of parental responsibilities. Colorado uses a formula based on the gross income of both parties, along with expenses for the child, including child care, medical expenses, and educational expenses, to determine the amount of child support. This article is a very general overview of how the formula works.
We have all heard the story of the parents who quit their jobs to avoid paying child support or to get an increased amount of child support. Colorado’s child support statute contains safeguards to ensure that both parents are contributing to their children’s support.