Graduation Honor Cords for all Ceremonies and Honor Societies Honor cords are an optional accessory that many schools use to set apart various participants in the graduation ceremony. Order cords for academic honors and for graduation officials.
One of the most common tax deductions for single mothers is the dependent exemption â $4,050 for each child until your child turns 19, or 24 if heâs a full time student. Whatâs especially nice is that you can take one exemption for yourself to cover your basic living expenses, thatâs $4,050 off your taxable income.
Unlike tax deductions or exemptions, which help reduce the amount of income that is taxable, tax credits reduce the actual amount of tax you owe to the government, dollar-for-dollar. Claiming a tax credit is like putting money back in your pocket, and for single parents, this can make a real difference to the bottom line. After all, it costs a single parent nearly $165,000 to raise a child from birth to age 18 [source: USDA]. Claiming federal tax credits, whether they are designed to promote specific behaviors or ease the financial burden of raising a family, can pay off. Single parents, it is time to get the credit you're due.