How is spousal support calculated Illinois?
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How is spousal support calculated Illinois?
How is Alimony Calculated in Illinois? In 2019, this formula is used to calculate alimony in Illinois: (33% of the payer’s net income) – (25% of the payee’s net income) = the yearly maintenance paid. However, that spousal support cannot cause one spouse to earn more than 40% of the couple’s combined income.
How long is spousal support in Illinois?
Length Of Spousal Support If your marriage lasted less than 20 years, support is commonly paid based on the length of the marriage. For a marriage that lasted five years, alimony may be paid for 20 percent of that length, or one year.
How many years do you have to be married in Illinois to get alimony?
Factors for Determining the Duration and Amount of Alimony The “guideline” durations for alimony in Illinois are: Marriage of less than 5 years: 0.20 percent of the duration of the marriage. 5 years or more but less than 6 years: 0.24 percent. 6 years or more but less than 7 years: 0.28 percent.