Charging Interest on Past-Due Support
Wisconsin law requires interest charges of .5 % per month (6 % per year) on past-due support. Effective April 1, 2014, interest charged on past-due support changed from 1% per month (12% per year) to .5% per month (6% per year). Interest charges begin when the past-due support equals or exceeds the amount due in one month.
- The support order is for $300/month
- The support amount owed is $500
- Interest will be charged on $200 ($500 - $300)
When interest is charged on past-due support owed to a parent, that interest is owed to the parent. When interest is charged on past-due support owed to the state, that interest is owed to the state.