Pingry has recently added a middle school building to the Basking Ridge Campus. In early 2007, Forms I and II (grades 7 and 8) moved into the new building. Grade 6 was moved from the Short Hills campus to this new facility at the beginning of the 2007-2008 school year.
To get an idea of how much dependent children can reduce tax liability, consider a married couple filing jointly, with a total annual income of $50,000, who have two qualifying children. Claiming the two children as dependents reduces their taxable income to $41,900. The EIC then provides a tax credit of $5,616, and the child tax credit provides an additional $2,000 credit, bringing their taxable income down to $34,284. Qualified Dependents
You can reduce you total taxes owed by claiming a child as a dependent on your income tax return. But not all children qualify and age is a factor. In some cases, you can claim a child under the age of 19. In other instances, you can claim a child under the age of 24.And in still other scenarios, a child might not qualify at all â regardless of their age. Read on for more details about under what circumstance you can claim a child as a dependent on your income taxes.RS Guidelines on Age Limits for Dependents. As mentioned above, age is a factor in determining whether your child is a qualifying child for your tax return. If your child is a student or is disabled, then you can claim him or her as a dependent as long as your child is under age 24.