Would the amount deducted from my paycheck for a 401k loan be included in a child support calculation?
I have a loan against my 401k account and an amount deducted automatically from my paycheck each time to pay back that loan to my 401k account. Would that monthly amount that is deducted get included in the calculation for child support? State of Tennessee.
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Not usually.
they use your base pay not all the crap you owe into.
I can’t speak about Tenn. law, but here in NY child support is paid on your GROSS pay minus FICA
your company’s software might not have an account for the 401k payback and they are just using the childsupport account b/c it is already set up.
Child support is usually based upon your Gross Pay – not net. This is so deadbeat dads don’t have a lot of ‘deductions’ to their pay and end up with little or no ‘net pay’
You can do a search for child support in Tennessee as well as anyone else can. therefore, you can find your own answer
The reason child support is based on GROSS is that I can easily arrange to automatically deduct my entire pay for various reasons. Your child support would be computed on your pay BEFORE the loan payment is deducted.