The Alimony Calculator is an essential tool for practitioners and judges in the South Carolina Family Court. It calculates each spouse's net disposable income after accounting for child support, income taxes, FICA/Medicare taxes, and other obligations. This ensures that users can accurately determine how much each party will have to live on each month—because how else could one know what is a fair amount of alimony?
Key Features
The Alimony Calculator automatically calculates:
- Income taxes of each party, factoring in alimony
- FICA/Medicare taxes, including self-employment taxes
- Earned Income Tax Credit (EITC) and Alternative Minimum Tax (AMT)
- Child Support obligations of the noncustodial parent
- Value of a child's exemption for each parent
- True, net after-tax cost or benefit of the alimony
From all these detailed calculations, the Alimony Calculator tells you how much money each spouse will have to live on after payment of alimony, child support, taxes, and other obligations.
Click for a screenshot of the Alimony Calculator in action