Proportional Allocation Of Add-On Expenses
Another significant change introduced by SB 343 involves the allocation of add-on expenses in child support calculations. Previously, these expenses, including childcare and medical costs, were often split equally between the parents.
However, under the new guidelines, add-on expenses will be apportioned based on each parent’s relative net income. This means that the higher-earning parent will contribute a larger share of the expenses, while the lower-earning parent’s contribution will be adjusted accordingly. This change aims to create a more balanced distribution of financial responsibility and factor in the financial capabilities of each parent.
In addition to childcare and medical costs, SB 343 also includes the inclusion of additional expenses in child support calculations. These expenses cover extracurricular activities, childcare, and medical costs not covered by insurance. By considering these additional expenses, the new guidelines aim to ensure that the child’s needs are adequately met and that both parents contribute proportionally to these costs.