Child support is financial payment that is paid from one of the parents to the other. The purpose of the payment is to aid in the care and upbringing of the child. Child support is legally required in the state of Colorado, based on the principle that all legal parents are obligated to support their children. This is true even when one parent does not have physical or legal custody—the obligation to pay child support only ends when the child is an adult, or the parental relationship is legally terminated.
Colorado courts abide by an Income Shares Model to calculate child support payments. This model calculates the amount of money that would have been spent on the child had the marriage continued. It then takes this amount and splits it between the parents according to their respective incomes. The process for calculating child support payments is long and rather complex. It involves calculating your adjusted gross income, which actually takes different factors into account that your taxable adjusted gross income.
Courts then apply your AGI to a Basic Child Support Worksheet, and you will be required to pay that amount until your child is 19 and out of high school, or 21 if your child attends college or vocational education. The process can be helped by an attorney who knows how child support is calculated and what an AGI entails in this case.