{"@context":"https:\/\/schema.org\/","@type":"CollectionPage","@id":"https:\/\/moneydoneright.com\/taxes\/#CollectionPage","headline":"Taxes Category","description":"","url":"https:\/\/moneydoneright.com\/taxes\/","hasPart":[{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/mortgage-interest-deduction\/","headline":"Mortgage Interest Deduction: Who Qualifies and How to Claim It","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/mortgage-interest-deduction\/","datePublished":"2020-03-04","dateModified":"2021-09-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/mortgage-interest-deduction\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/david-darling\/#Person","name":"David Darling, EA","url":"https:\/\/moneydoneright.com\/author\/david-darling\/","identifier":59,"description":"David was originally in the newspaper business, spending over 25 years as a writer and editor. He is now an enrolled agent \u2014 the highest credential issued by the I.R.S. \u2014 and has been serving clients as a tax adviser and preparer for over 10 years. He currently works at DC & Associates, P.A. in Casselberry, Florida.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/mortgage-interest-deduction.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/mortgage-interest-deduction.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/","headline":"Tax Guide 2020-2021","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/","datePublished":"2020-03-02","dateModified":"2022-12-04","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/tax-guide.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/tax-guide.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"3","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/#Comment1","dateCreated":"2024-01-23 13:22:22","description":"Help. My Credit Union sent out a 1099-INT Interest Income statement showing the interest I earned on my IRA in box 1. The instructions for box 1 says to report this interest as income. This is interest paid into the IRA and should not be reported as income I have spoken with two of their employees who say this is correct. How do I get them to send a revised statement to the IRS to correct this error?","author":{"@type":"Person","name":"CAROL\/JIMMIE CLARK","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/#Comment2","dateCreated":"2020-02-19 13:32:42","description":"Hi Tess! Unfortunately this isn't possible unless you have a time machine.\r\n
\r\nUnder the pre-2018 tax law, employees who itemized their deductions could deduct unreimbursed work-related expenses to the extent they exceeded 2% of their adjusted gross income. So if a taxpayer had income of $50,000 during the year, they could deduct unreimbursed work-related expenses to the extent they exceeded $1,000 ($50,000 x 2%).\r\n
\r\nOne of these unreimbursed work-related expenses was the home office deduction for employees. Some employees who worked out of their home for the convenience of their employer and met other qualifications could potentially deduct a portion of their housing costs as an unreimbursed work-related expense.\r\n
\r\nHowever, the Tax Cuts & Jobs Act eliminated this deduction beginning in tax year 2018.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-guide\/#Comment3","dateCreated":"2020-02-18 12:15:31","description":"Hi Logan! I have a question for you.. so I am an employee but I work from home full time. Can I write off any of my expenses such as internet, electricity, water, other utilities, or even rent? I know if I was a freelancer or self employed I'd be able to, but as an employee I'm not sure. If yes, how much can I write off and how would I do it on my taxes? I'm using Turbotax. Any help would be appreciated!","author":{"@type":"Person","name":"Tess Robison","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/personal-finance\/taxes\/tax-survey\/","headline":"Tax Survey 2025: Millennials Score Highest on Tax Knowledge Quiz","url":"https:\/\/moneydoneright.com\/personal-finance\/taxes\/tax-survey\/","datePublished":"2020-02-22","dateModified":"2025-02-05","mainEntityOfPage":"https:\/\/moneydoneright.com\/personal-finance\/taxes\/tax-survey\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/tax-survey-2020.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/tax-survey-2020.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/roth-ira-vs-traditional-ira\/","headline":"Roth IRA vs. Traditional IRA: Key Differences and Similarities","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/roth-ira-vs-traditional-ira\/","datePublished":"2020-02-19","dateModified":"2023-04-26","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/roth-ira-vs-traditional-ira\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/12\/Roth-IRA-vs.-Traditional-IRA.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/12\/Roth-IRA-vs.-Traditional-IRA.jpg","height":460,"width":1900},"keywords":["youtube","podcast","schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/roth-ira-vs-traditional-ira\/#Comment1","dateCreated":"2020-02-17 13:13:43","description":"Yes, I think that it's wise to have a mix, given that early on it's pretty much impossible to know what your tax rates will look like in retirement. Of course, with a crystal ball, one could contribute for maximum tax efficiency, but the thing about crystal balls is that they don't exist. It's pretty great that the SECURE Act bumped the RMD age to 72!","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/roth-ira-vs-traditional-ira\/#Comment2","dateCreated":"2020-02-17 10:56:46","description":"I felt like the best plan was to max out my 401k, my Roth and put another big chunk in a taxable brokerage account every year, except in those years I earned too much to have a Roth. So now, retired, I've got a good mix of Ira, Roth and taxable brokerage accounts.","author":{"@type":"Person","name":"Steveark","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/medical-expense-deduction\/","headline":"Medical Expense Deduction: Which Expenses Are Deductible?","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/medical-expense-deduction\/","datePublished":"2020-02-17","dateModified":"2021-09-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/medical-expense-deduction\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/david-darling\/#Person","name":"David Darling, EA","url":"https:\/\/moneydoneright.com\/author\/david-darling\/","identifier":59,"description":"David was originally in the newspaper business, spending over 25 years as a writer and editor. He is now an enrolled agent \u2014 the highest credential issued by the I.R.S. \u2014 and has been serving clients as a tax adviser and preparer for over 10 years. He currently works at DC & Associates, P.A. in Casselberry, Florida.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/medical-expense-deduction.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/medical-expense-deduction.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"1","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/medical-expense-deduction\/#Comment1","dateCreated":"2021-07-24 20:08:07","description":"My many price","author":{"@type":"Person","name":"Shimul das","url":"http:\/\/1234"}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/","headline":"Standard Deduction Amounts for 2023","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/","datePublished":"2020-02-16","dateModified":"2022-10-19","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/standard-deduction\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/standard-deduction.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/standard-deduction.jpg","height":460,"width":1900},"keywords":["schema","annual updates"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/earned-income-tax-credit\/","headline":"The Earned Income Tax Credit (EITC): What It Is and How to Qualify","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/earned-income-tax-credit\/","datePublished":"2020-02-11","dateModified":"2021-10-08","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/earned-income-tax-credit\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/david-darling\/#Person","name":"David Darling, EA","url":"https:\/\/moneydoneright.com\/author\/david-darling\/","identifier":59,"description":"David was originally in the newspaper business, spending over 25 years as a writer and editor. He is now an enrolled agent \u2014 the highest credential issued by the I.R.S. \u2014 and has been serving clients as a tax adviser and preparer for over 10 years. He currently works at DC & Associates, P.A. in Casselberry, Florida.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/62eb4b40c1a1cfcd67e254643f91e3a967f0b9eba7e920859110795fcfcc77d0?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/earned-income-tax-credit.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/earned-income-tax-credit.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/ira-contribution-limits\/","headline":"2020 and 2021 IRA Contribution Limits","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/ira-contribution-limits\/","datePublished":"2020-02-10","dateModified":"2021-09-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/ira-contribution-limits\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/IRA-Contribution-Limits.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/IRA-Contribution-Limits.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/child-tax-credit\/","headline":"Child Tax Credit Guide: How to Qualify for and Claim the Child Tax Credit","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/child-tax-credit\/","datePublished":"2020-02-10","dateModified":"2023-04-07","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/child-tax-credit\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/tyler-davis\/#Person","name":"Tyler Davis, CPA","url":"https:\/\/moneydoneright.com\/author\/tyler-davis\/","identifier":58,"description":"Tyler is a licensed CPA with over five years of Big Four accounting firm experience working with a number of publicly traded and privately held companies.\r\n\r\nHe graduated summa cum laude from Samford University in Birmingham, AL and then received my Masters in Taxation from The University of Alabama.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/89d85ee67b877261c1d8d5396d352013b4ae289f6219ae66b32543e4cda6f212?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/89d85ee67b877261c1d8d5396d352013b4ae289f6219ae66b32543e4cda6f212?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Child-Tax-Credit.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Child-Tax-Credit.jpg","height":460,"width":1900},"keywords":["schema"]}]}