2020 Tax Season: Spotlight on Consumer Protection for Taxpayers

The 2020 tax season is underway, and advocates from the National Consumer Law Center have issued their annual advisory on taxpayer consumer protection issues including tax-time financial products, the lack of upfront pricing for tax preparation services, and private debt collection. “Tax time is such a challenge for low-income and other vulnerable taxpayers,” said Michael…

The Ongoing Latinx Wealth Gap

A Center for American Progress Report takes a closer look at the large wealth disparity between Latinx and white households. Despite similar employment rates, the median wealth of Latinx workers is only 14.6 percent of the median wealth of white households. The report attributes the gap to a number of factors including Latinx communities’ relationship…

Promoting Split Refunds

In advance of the next tax season, learn more about ways tax sites can encourage families to consider savings through refund splitting. The Get It Back Campaign, a national effort to connect eligible workers to tax benefits, has posted a recording of its training on Effective Ways to Promote Split Refunds. As part of the Get…

The Wealth Gap by Gender and Race

A research brief from the Samuel DuBois Cook Center on Social Equity and Insight Center for Community Economic Development – Women, Race & Wealth – examines the wealth inequality gap across both gender and race. The data shows that single young women (under 40), regardless of race and education, begin adulthood with very little wealth. However, looking…

The Growing Racial Wealth Divide

The Road to Zero Wealth, a report released this Fall by Prosperity Now and the Institute for Policy Studies, examines the growing racial wealth divide and explores policy interventions that could reverse this trend. The report lays the foundation for a broad policy agenda by emphasizing the importance of gathering sufficient information on the barriers low-wealth households face in…