The tool allows individuals to estimate the financial obligation for raising a child in Georgia, specifically considering guidelines and regulations applicable in the year 2024. It processes income information, childcare expenses, and health insurance costs to project a potential support amount according to the state’s formula. An example: a non-custodial parent with a monthly income of $5,000, shared custody, and childcare expenses of $500 may utilize the instrument to determine an estimated monthly payment.
This estimation offers several advantages. It provides a preliminary understanding of potential financial responsibility, aiding in budgeting and financial planning. It can also serve as a starting point for negotiations during divorce or separation proceedings. Historically, such calculation aids simplify what was once a more complex, manual process, increasing transparency and accessibility to information about child-rearing cost obligations.