In this opinion piece, Beverly Moran and LaToya B. Parker argue that the federal head of household tax filing status fails to meaningfully benefit the single mothers—particularly Black women—it was intended to help because its structure delivers the largest tax savings to higher-income earners. The authors contend that eliminating the status without replacing it with a more equitable, refundable per-child benefit would disproportionately harm low-income single-parent families and widen existing racial and economic disparities.
Tag: IRS
Posted inU.S. Government
Elon Musk’s DOGE seeks access to taxpayer data at IRS: AP sources
DOGE is seeking access to taxpayer data at the IRS, which has raised concerns about potential illegal release of private information and potential disruptions to the 2025 tax season.
Posted inMaryland Government
Comptroller Lierman announces start of tax season in Maryland
The 2025 Tax Filing Season in Maryland will begin on January 27, with a controlled rollout in accordance with IRS best practices, and the Comptroller’s Office is launching the #EarnedIt Campaign to encourage eligible Marylanders to claim the Earned Income Tax Credit and Child Tax Credits.
Posted inBUSINESS
A small business owner’s guide to starting a 401(k) plan
Small business owners can provide their employees with retirement benefits through a 401(k) plan, which can help attract and retain employees in today’s tight labor market, and there are various types of 401(k) plans to choose from, including traditional, Roth, profit-sharing, safe harbor, and automatic enrollment plans.
Posted inBUSINESS
How to detect and avoid fraudulent tax preparers
By Megan SaylesAFRO Business Writermsayles@afro.com Tax season is upon us, with tax returns due to the IRS on April 15. If you brought in less than $64,000 last year, you qualify for free tax preparation through the IRS’s Volunteer Income Tax Assistance (VITA) programs, like the CASH Campaign of Maryland. If not, you may choose […]
