[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/nmichlaw.com\/blog\/common-misconceptions-surrounding-child-support\/#BlogPosting","mainEntityOfPage":"https:\/\/nmichlaw.com\/blog\/common-misconceptions-surrounding-child-support\/","headline":"Common Misconceptions Surrounding Child Support","name":"Common Misconceptions Surrounding Child Support","description":"Divorce can provide a person\u2019s life with significant challenges. Unfortunately, those challenges can get exacerbated if ex-spouses have children. The time and resources allocated to kids can be much more difficult to split than household possessions. That\u2019s because kids\u2019 emotional … Continue reading →<\/span><\/a>","datePublished":"2019-12-26","dateModified":"2022-06-16","author":{"@type":"Person","@id":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/#Person","name":"Alward Fisher","url":"https:\/\/nmichlaw.com\/blog\/author\/nmichlaw\/","identifier":10,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/63071aa228c966abd886a2cbb647b07806c39706d3fbac14fe9c4c475edc7457?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Alward Fisher","logo":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/09\/logo-fisher.png","width":288,"height":103}},"image":{"@type":"ImageObject","@id":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","url":"https:\/\/nmichlaw.com\/wp-content\/uploads\/2021\/10\/feature-home-mobile-1.jpg","height":"100","width":"100"},"url":"https:\/\/nmichlaw.com\/blog\/common-misconceptions-surrounding-child-support\/","about":["Divorce"],"wordCount":447,"articleBody":"Divorce can provide a person\u2019s life with significant challenges. Unfortunately, those challenges can get exacerbated if ex-spouses have children. The time and resources allocated to kids can be much more difficult to split than household possessions. That\u2019s because kids\u2019 emotional and financial needs can often vary based on a family\u2019s income and the child\u2019s life stage at the time of divorce.When spouses begin separation proceedings, child support payments can be hard to negotiate, especially if couples already face settlement difficulties. However, ex-spouses can ease some of the tension by deciphering fact from fiction surrounding child support payments.Unraveling the myths about child supportThese are some\u00a0important ones to understand:Parents are relieved of responsibility when the children turn 18: In this day and age, kids are more financially dependent on their parents than ever before. Whether they take longer to find a job after graduation or have high student loan debt, many don\u2019t become fully financially independent\u00a0until their mid-20s or early 30s.Payments must go directly towards the kids:\u00a0Not every penny of child support has to go directly towards the kids. In many instances, those receiving support compensation can allocate towards expenses that help them indirectly. That can include things like car insurance, health insurance, groceries and other living costs.Child support payments are tax-deductible:\u00a0In most cases, child support payments don\u2019t have a direct impact on income taxes. The parent who\u2019s paying the child support can\u2019t deduct them and the receiving parent doesn\u2019t have to include payments as part of their income.Those paying have the right to know how it\u2019s getting utilized:\u00a0The parent receiving child support payments does not have a legal obligation to tell the paying spouse how they spend the money. However, if the paying parent believes their money isn\u2019t getting used properly, they can request payment modifications.Children need security for a healthy developmentFinancial stability is often crucial for a child\u2019s well-being. When parents understand the misconceptions that surround child support payments, they can better assess how to provide for their kids and give them the resources they need for a happy adolescence.About the AuthorLatest PostsAlward FisherAt Alward Fisher, we provide more than savvy legal representation. We provide peace of mind. Peace of mind for your business. Peace of mind for your family. And the peace of mind for your future. No matter what types of legal challenges you are facing, we can help you find solutions.Can You Stop a Michigan Divorce Once Filed?Alimony vs. Child Support: What\u2019s the Difference?Can Someone with the Power of Attorney Change a Will?"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/nmichlaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Common Misconceptions Surrounding Child Support","item":"https:\/\/nmichlaw.com\/blog\/common-misconceptions-surrounding-child-support\/#breadcrumbitem"}]}]