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 only claim a qualifying-child exemption if your child lives with you for at least half the year. The IRS offers a number of exceptions for this test. If your 20-year-old is at college eight months of the year, you can still claim him; if he stays with relatives while you're on military duty, he still qualifies.ge. You have to stop claiming your child when she turns 19, unless she goes on to become a full-time student. In that case, you keep claiming the exemption until she's 24, as long as she meets the other qualifying-child tests. After a child reaches age 24, you can only claim her if she's completely and totally disabled.