Trump’s Tax Plan Penalizes Single Parents

by Harry Stein – Even with recent changes, Donald Trump’s new tax plan is still a huge giveaway to the rich. But there may be one loser in particular: single parents. Despite his claim that everyone will get a tax cut, under Trump’s tax plan, some single parents would see their taxes go up by more than $1,000. Trump is raising taxes in three ways. First, Trump gets rid of the head of household filing status, which is currently available to single parents and some other unmarried taxpayers who care for another person. Under current law, filing as a head of household reduces someone’s tax bill by lowering the amount of their income that is subject to taxes. It does this by giving them a larger standard deduction than single filers. The standard deduction is a tax deduction set at a fixed amount available to taxpayers who do not itemize deductions...

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