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.
Married taxpayers [edit]. If a taxpayer is married, they can either file a joint return with their spouse, or file separately. One commonly-debated point of income tax law is the marriage penalty. Married taxpayers are taxed at different rates than single taxpayers whether they file jointly or separately. The marriage penalty is most pronounced when spouses have equal incomes, and becomes less detrimental as the spouses' incomes diverge.