In April 2017, the Department of Health and Family Services (DHFS) compiled charts to develop the new child support obligations. Every four years the charts will be updated and will take into account what the child-rearing costs are in the state.
There are two different tax-based formulas that can be utilized in order to determine the parents’ net income. There is a simplified tax formula and there is also an individualized tax formula. These formulas will determine what the net income is for each parent, and will then combine them. The number of children, along with the combined income will then show with bracket they fall into on the income shares schedule.
Child support is given to the parent who is with the children the most. The amount that the parent will receive will depend on their percentage of the child support obligation. This method works to keep things fair and equitable.