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.
Also, that person will not have to pay income tax on the value of the gift or inheritance received: Basically your parents can each give you a gift tax free gift of $12,000. I would figure that when you receive the money just file it as a gift when you fill out your normal income taxes.lso, that person will not have to pay income tax on the value of the gift or inheritance received: Basically your parents can each give you a gift tax free gift of $12,000. I would figure that when you receive the money just file it as a gift when you fill out your normal income taxes.