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
Qualifying Child/Relative. You can claim an individual as a dependent if he is either a qualifying child or a qualifying relative. If you claim a person as a qualifying child, then another person cannot claim that same child as a qualifying relative.ax forms image by Chad McDermott from Fotolia.com. When you are filing your taxes, you can receive an exemption for people you claim as dependents. However, there are requirements that a person must meet in order to be claimed as a dependent on a tax return.