Disclosures

SHARE IT

Breaking Down the ‘Penalties’ of Single Tax Filings

With the new tax filing deadline looming, I stopped into Black News Channel’s “BNC Live” to discuss the upsides of joint filings and the disadvantages of filing solo.

To kick off the segment, I detailed the built-in “penalties” that single individuals face in many aspects of life, including higher taxes, healthcare costs, and everyday expenses.  I shared that Black women are disproportionately affected because of pay disparities, lack of access to resources, and other community-specific challenges, and those impacts can linger long-term.

This led me to the perks of filing jointly with a partner or spouse.  Generally speaking, the U.S. tax code favors couples; filing “married jointly” offers larger deductions and more credits, leading to smaller tax bills.  For those who can take advantage, it’s certainly worth it.

It was a pleasure to bring this critical information directly to Black viewers.  Many thanks to BNC Live for having me.  

Scroll to Top

Stay Informed with Our Exclusive Newsletter!

Subscribe to our newsletter and never miss out on the latest updates, exclusive offers, and insightful articles.

We respect your privacy!