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.
Instead, the generation-skipping tax was imposed at a flat rate equal to the highest marginal estate and gift bracket applicable at the time of the gift, bequest, transfer or termination. In 2009, that rate was 45%. In 2009, each taxpayer enjoyed a $3,500,000 exemption from the generation-skipping tax.