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.
If you make $32,000 a year, then file MFJ, your return will include $11,600 for the standard deduction and $11,100 for 3 exemptions. That brings your taxable income down to $9300 or a tax bill of about $930. A new child gets a child tax credit of $1000, to the tax bill drops to $0. Thus anything withheld for federal income tax wil be refunded. You can adjust your W-4 to stop withholding and have the money now. (And reduce the delays next year.) Edit, TRO is once again unaware that the $1000 child tax credit was extended to 2011.