Tag: single mothers

Photo of mother with baby

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…

Senior couple hugging on a beach with waves in the background

Social Security provides not only benefits to workers who retire after a lifetime of work or become disabled but also spousal and survivor benefits.  These “family” benefits were designed in the 1930s for a one-earner married couple.  The spousal benefit guarantees the lower earning spouse – generally the wife – a benefit at the fu…