Self-employed parents are allowed to deduct business expenses from their gross profits, and their income will be calculated based on their net earnings. While it is easier to calculate the support requirements of a person who receives a regular salary, an accurate accounting of self-employment income is possible when the self-employed person is forthright about his or her income and expenses.Ī person who owns a business or is in business for themselves is not required to pay support based solely on how much money he or she earns. Self-Employment IncomeĬhild support and spousal support payments depend heavily on a person’s reported income. If you or your former spouse is self-employed, be aware of how the court will use employment information to calculate support payments. With more people working for themselves than ever, calculating child support payments is becoming more complicated.
Census Bureau report, 14.6 million Americans, or one-tenth of the nation’s workforce, identifies as self-employed.
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