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 couples get double the tax break: Your father and mother can give you $26,000 and pay no tax. Tuition and Medicine Any money your parents pay for your tuition is excluded from gift tax, and doesn't count toward the $13,000 cap, as long as they pay it directly to the school.