Return to the Child Support Customer Support Page
Custom Legal Software
> Child Support Calculator for Colorado
> Child Support Calculator for Oklahoma
> Financial Affidavit Preparation Software for Colorado
> Legal Math to calculate interest on past due child support
Child Support Guidelines ProgramIssue: 2010 Tax Information for Colorado Child Support Guidelines Program
This information has been taken from the IRS web site.To update your Child Support Program:
From the Data Entry Screen, click the Settings Menu.
From the Settings Menu click on "Update Tax Info", then "Update Brackets ..."
Enter the following information:
Tax Year 2010
Top of 10% bracket - Single Person 8375
Top of 15% bracket - Single Person 34000 Top of 25% bracket - Single Person 82400
Top of 10% bracket - Hd Hshld 11950
Top of 15% bracket - Hd Hshld 45550 Top of 25% bracket - Hd Hshld 117650
Top of 10% bracket - Married Person 16750 Top of 15% bracket - Married Person 68000 Top of 25% bracket - Married Person 137300
Single Standard Deduction 5700 Head of Household Std Deduction 8400 Married Std Deduction 11400 Exemption Allowance 3650
Note: Be sure, also, to update the "Tax Rate" schedule to reflect the current tax rates.
The current relevant rates are:
10%
15%
25%
28%In order to change these rates within the program:
From the Data Entry Screen, click the Settings Menu.
From the Settings Menu click on "Update Tax Info", then "Modify Tax Rates"
The reason the tax bracket and rate info has to be updated every year is that the tax bracket break points, the Exemption Allowance and the Standard Deduction amounts are adjusted for inflation each year.
Over the years, there has been some confusion by Child Support Program users as to whether these numbers affect the Child Care Credit calculation. They don't. The credit is determined as a percentage of a portion of the child care cost. The percentage rate runs from 20% to 35%. But it has nothing to do with income tax rates.
Return to the Child Support Customer Support PageJanuary 7, 2010