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What Happened to my Exemptions? How Dependent Children Fit in Under the New Tax Code
As recently as tax year 2017, eligible persons were able to claim exemptions from their adjusted gross income of as much as $4,050 per dependent child.
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As recently as tax year 2017, eligible persons were able to claim exemptions from their adjusted gross income of as much as $4,050 per dependent child.
Did you ever wonder what month has the highest divorce rate? According to a recent news report, that month is January. Why would the dawn of a new year be so very busy for such a major marital decision?
Custodial grandparenting isn’t new, but the numbers have grown so significantly that the trend has prompted a new descriptor: the “grandfamily,” according to a recent Washington Post article.
There’s a growing trend in the United States for babies to be born out of wedlock, according to an article in the New York Post. Unmarried parents now account for 40 percent of births, as compared to 10 percent in 1970.
An estimated 80,000+ grandparents are raising their grandchildren in Pennsylvania, in part due to the opioid crisis which is rendering parents incapable, according to a recent news article.
Yes, it may sound very simple and trite, but sometimes, something can come around to corner to squash something you’ve taken for granted. As in… squash. A game I’ve enjoyed for many years now as a physical and mental support in my life has ended (temporarily, I hope) and left me on crutches.
The divorce rate is dropping, and it seems as if Millennials may be the reason. A University of Maryland study reports that younger couples – who approach relationships differently than previous generations – are staying married.
A recent report by the Pennsylvania Department of Health revealed some interesting trends in divorce in the commonwealth over the years. The report, released in May, tracked the number of marriages, divorces and annulments in Pennsylvania from 1950 through 2017.
The new tax law has reduced many options for alimony deductions. However, a recent court case revealed a surprising one that still qualifies (for now, anyway).
Divorces that may be settled amicably now have a new law in place to regulate them.
Where you live could dramatically affect how much child support you pay or receive.
The new tax law goes into effect on January 1, 2019 with some significant changes for divorcing couples.