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Introducing issues of youth unemployment
Introducing issues of youth unemployment
Introducing issues of youth unemployment
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IRS Child Tax Credit
You may never get back what you put in, but you didn't have children with the idea that they were going to make you money anyway, right?
Let's face it, kids can be expensive. The Network Journal estimates that each child may cost an average of $250,000 from birth to age 18. While there is no way the government is going to give you all of that money back, there are ways that children can help lessen your tax liability.
One way is through the Child Tax Credit. Every child that is an eligible dependent who cannot be claimed by somebody else on their return can be worth up to $1,000 on your taxes. Children include babies who were born during the tax year. The children can be claimed every year until they turn 18.
Two
The DREAM Act is an Act that targets children under the age of fifteen who have lived in the Unites States for at least five years since the Act was made to receive higher education. This Act allows these children to receive temporary legal status and go through a rigorous process to eventually become fully legal in the United States. The DREAM Act allows these individuals to go to college or join the military if they please. In order to receive full legal status these individuals must have either served our country for two years or graduated a two year college or at least studied for two years working towards a bachelors degree. This Act allows these children who are faced against the odds of having a dead end job to do something great
In 2012, President Obama introduced the Deferred Action for Childhood Arrivals (DACA) program for young people who had been residing in the United States at least five years prior to the bill’s passing. DACA was the most significant provision from the Obama administration that aimed to help undocumented youth be integrated in the American society. It protected them from deportation and allowed them to obtain a state identification, work permit, and Social Security number. The immigrant communities celebrated this bill as it had been a long time since there was a significant change in the country’s immigration policy. However, the current administration and government pose a serious threat to the beneficiaries of the DACA program as well as
Texas is one of the seven states that have no state income tax. This means the state does not impose an additional state income taxes on someone’s earnings, but there is still a federal income tax. While many claim this is beneficial to all of Texas citizens and promotes population growth others find it disadvantaging. Their is many disadvantages and advantages to not having a state income tax.
way to start off, and you and the un-born child would be so much better off if
According to the U.S. Secretary of Labor, Thomas E. Perez, there are many benefits to
The income that people pay for child support has many factors. Depending on what state you may reside in plays a major role in how much the parent may end up paying. Looking at things on a broad spectrum anything is valid when it comes down to determining the amount that a child will receive from the noncustodial parent. According to LawInfo there are three models that states choose to follow in order to calculate the income of each person's child support case; Flat Percentage, Income Shares, and Melson Formula. The similarity between these three models is how much the parents receive economically and the child’s necessities. With these three models plugged into the child support system we will get a better understanding of how the parents and children benefit from each model. Once the economic issues are settled among the parents there may not be a stable environment just yet until custody rights are given and agreed on. The following models will give a brie...
The decision to stay put or divorce when children are involved is one of the difficult decisions that couples have to make it. However, there may be an appropriate and acceptable solution. Before any couple decides to settle for any solution, they have to understand that each scenario has its pros and cons and also that each decision is a lifelong decision. Research has shown that most couples rush to the decision of divorce due to impulsivity or emotional reactions. Also more often, most couples make decisions based on the guidance and input suggestions of their friends and family. However, what most couples fail to understand is that marriage or divorce is a personal decision
This is usually a big deal-breaker. It would always be a nice to idea be open and honest about you having your own children. After all, most children just want their parent to be happy, and may be less likely to object than you imagine.
This post is inspired by Jay Z’s latest album 4:44. My favorite track off of that album is called “Legacy”. It starts off by his daughter Blue Ivy Carter saying “Daddy what’s a will?” and Jay Z begins to talk about generational wealth and the legacy he wants to pass on to his family throughout the song. Personally, this track couldn't have dropped at a better time because I’m going to be a father soon. So for months, I’ve been thinking of ways to create generational wealth for my family. I started to think of my legacy and how I wanted to be remembered. What do I want to pass on to my child? A business? Rental property? 401k? IRA? Life insurance payout?
the parents to pay or the child may have to learn to live without fulfilling their
Raising a child isn't an easy thing to do. Raising a child while the parents are still in their teens is even harder. Dealing with the day to day chores that involves a baby and trying to work and get an education is very stressful on any teen.
Government’s concern for children and desire to protect them from poverty, led them to establish child support as rate of poverty among single family with children increased. Federal child supports were established in 1975 under Title IV-D of the Social Security Act to obtain support from noncustodial parents, so single family could stay off public assistance and away from poverty (Child Support Handbook 2). According to Beld child support is an important source of income to help reduce economic insecurity for single family with children “with approximately half of United States children now expected to spend at least part of their childhood in a single parent home, federal and state child support policies touch families in every demographic
Couples today are less sure about the rationale for having children. In former times (and in many non-western cultures today), children were seen as playing an important role in the continuance of family. Children may have been needed for kinship ties, to work on the family business, to look after parents in their old age, or to safeguard an inheritance. Presently, in Western society, the economy and the interests of industry have generally taken precedence over parenting and the interests of family (http:/wwwcfi.ie/feb2001/crisis.htm 3).
Due to the legal limit, most of children who were born in China are the only child in their families. They don’t have any brothers or sisters. They are the kings or queens in their family. They don’t have to fight with their brothers or sisters for a toy. They don’t have to share anything with their siblings. They don’t have to take care of their younger brother or sister. They don’t have to do anything that they don’t want to do. Because they are the only child in their families, and their parents are given all of love to them.
Many teens don’t realize how much money it actually cost to raise a baby. And in many cases these teens don’t finish school or are still in school which ultimately realistically can’t get a well-paid job. Studies have showed that just the first year raising a baby costs between $10,000-12,500, and as the child grows the expenses only increase each year. The amount of money a child requires does not equate to the minimum wage jobs teens are able to acquire. The financial strain can effect both the child and the teen parent. The child can be deprived and the mother may not be able to provide the resources to raise a healthy child and also feed herself. Along with the emotional stress, troubling finances is another of the top factors why teen parents drop out of high school. The financial aspect to the issue many times forces teens to leave school to seek jobs and find a source of income. For teens that are fortunate enough to have their parents support it can also put a strain on their parents finances. Overall teen pregnancy can cause financial hard ache for everyone including, parents of teens, the teen parents themselves, and even