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Mathew Knowles Doesn't Owe Child Support ... He OVERPAID, Says Source

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Mar. 5 2014, Updated 2:14 p.m. ET

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In recent months, Beyonce's dad Mathew Knowles as come under fire for allegedly missing child support payments to his son with ex-girlriend Alexsandra Wright. This month was no exception, as child support records dated March 1 showed him owing more than $44,000. But now, a source close to Knowles tells Radar exclusively that not only is he all caught up on his payments, but he's actually been overpaying all along!

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"A judge reduced Mathew's child support payments on March 3," the source in Knowles' camp says, cutting them from $12,000 per month to just over $2,400.

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What's more, the source claims, "The judge actually made it retroactive, as of February 20 of last year. So Mathew has actually been overpaying her for quite some time."

As a result, "he won't have to make any more payments for almost two years," the insider says.

Wright and Knowles have been warring for months over child support payments for their four-year-old son, Nixon.

Story developing.

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