How Is Spousal Maintenance Calculated Illinois
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...
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.
What is the formula for spousal support in Illinois?
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.
What is the formula for calculating spousal support?
The guideline states that the paying spouse’s support be presumptively 40% of his or her net monthly income, reduced by one-half of the receiving spouse’s net monthly income. If child support is an issue, spousal support is calculated after child support is calculated.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
