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.
Gift tax doesn't apply to little things like holiday presents and birthday gifts. In IRS terms, it applies to the $26,000 a couple can give away in one year without tax consequences. For singles, the cap is $13,000.If you give more than that amount, the excess gets subtracted from a lifetime unified credit of $5.12 million. Future gifts in excess of your cap are subject to gift tax.If you've never used your unified credit, you can give up to the cap, plus $5.12 million to a single recipient before triggering the gift tax.or singles, the cap is $13,000. If you give more than that amount, the excess gets subtracted from a lifetime unified credit of $5.12 million. Future gifts in excess of your cap are subject to gift tax.