Income taxes, with and without alimony factored in
Each party's marginal tax rates
Net disposable monthly incomes
Make the alimony taxable or nontaxable with the click of a button.
True Net Alimony - The Alimony Calculator tells you how much the alimony award truly costs or benefits each party by calculating the tax savings AND the resulting reduction in child support. You'll be amazed at the result.
The Value of a Child's Exemption - The Alimony Calculator easily calculates how much a child's exemption would benefit each parent so that you can see where the most taxes can be saved.
Alimony Range - The Alimony Calculator will allow you to enter a range of possible alimony awards so that you can see a range of results , or you can use...
... Goal Seek - Tell the Alimony Calculator how much you want a party's net monthly disposable income to be, and it will do a reverse calculation to tell you how much alimony it will take to reach that target.
Easy To Use and Understand
The Alimony Calculator will let you operate on one easy-to-use screen, unless you need to itemize the types of income (like a Form 1040) or you need to itemize deductions.
EVERY calculation that the program makes is explained if you need to check behind it. Click on a number and the program will show you a screen with the calculation of the number.
Deviate from the Child Support Guidelines with the click of a button.
The Alimony Calculator alerts you if it thinks you missed an exemption.
Popup calculator if you need one.
Hyperlinks to the DSS Guidelines Instructions for easy reference.
Use the Alimony Calculator to compare financial declarations to see if a party is over- or under-withholding, and check the FICA withholding that is shown.