Tag: income
Single mothers receive three-fourths of the tax refunds the IRS pays out every year through the Earned Income Tax Credit (EITC) for low-income workers. The EITC’s big plus is that it’s fully refundable. In contrast to nonrefundable tax credits that reduce the taxes a worker already owes, the EITC gives refunds even if they don’t…
Numerous articles have appeared here in recent months about the ways that racial disparities are infused into our financial and economic systems. Two barriers to Latinx and Black workers’ ability to save, for example, are less health insurance coverage and more burdensome student loan payments than White workers have. Or consider the different long-term housing…
