{"@context":"https:\/\/schema.org\/","@type":"CollectionPage","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/#CollectionPage","headline":"Personal Taxes Category","description":"","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/","hasPart":[{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/","headline":"Below Market Rent: Tax Consequences of Renting Below Fair Market Value","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/","datePublished":"2020-03-04","dateModified":"2022-06-28","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/","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\/05\/Below-Market-Rent.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/05\/Below-Market-Rent.jpg","height":430,"width":825},"keywords":["schema"],"commentCount":"6","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment1","dateCreated":"2023-10-08 05:34:55","description":"So question for you on this. My condo mortgage is $1140 a month HOA $965. Electric is $115 that only utilities everything else is inlude in HOA dues. Cable is $85. My brother pays $400 a month rent, but he pays electric and cable bills as well. He does and groceries shopping does 60% cleaning and cooking. Per hud fair market for Minneapolis area is $1074. Can I use this for tax deduction?","author":{"@type":"Person","name":"Peter Jorgenson","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment2","dateCreated":"2023-04-03 06:05:20","description":"Not sure but this seems to suggest deductions outside of schedule A would be allowed. https:\/\/www.irs.gov\/faqs\/sale-or-trade-of-business-depreciation-rentals\/personal-use-of-business-property-condo-timeshare-etc\/personal-use-of-business-property-condo-timeshare-etc-1","author":{"@type":"Person","name":"Eric","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment3","dateCreated":"2021-10-13 13:33:47","description":"Hi Brian. In this case, if you're renting it out to someone else for four years, it wouldn't be your primary residence for two out of the last five years, so you wouldn't qualify for the Section 121 exclusion<\/strong><\/a>.","author":{"@type":"Person","name":"Logan Allec, CPA","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment4","dateCreated":"2021-09-21 14:10:46","description":"Great summary. Easy to understand explanation. Question, if you do rent the residence out at below market for say 4 years, can you then sell it and still be eligible for the $500K (MFJ) capital gains exclusion on a primary residence. Or are you still subject to the 2 out of 5 year rule?","author":{"@type":"Person","name":"Brian","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment5","dateCreated":"2019-05-20 12:50:17","description":"Hi Stanley. Those are great questions.\n\nAs you know, in the situation you described, you would be renting your townhome at below market rent. \n\nYou would have to report your rents collected for the year on on Schedule 1, Line 21, where it will flow to page 2 of your 1040 and be taxed at your ordinary income tax rates.\n\nIn terms of deductions, you would not be able to deduct your HOA dues, but you may be able to deduct your mortgage interest (which is only a portion of your monthly payment) and property taxes on Schedule A insofar as these amounts are not limited, respectively, by the $1,000,000 \/ $750,000 mortgage interest limitation and \/ or the $10,000 limitation on the deduction for state, local, and property taxes.\n\nSo yes, it appears that you will have to pay taxes on the $1300 that you're charging as rent when in fact, you're not profiting (or you're at least not cash flow positive).\n\nHowever, as noted in the article, there may be some strategies you can apply to your specific situation that can give you a better tax answer with your below market rental. Since these strategies may or may not be applicable to your situation, it is recommended that you reach out to a qualified tax professional to discuss your options.\n\nYou can certainly convert your townhome to a market value rental property whenever you like. When this happens, you will report your rental income and expenses on Schedule E. However, you will not be able to recoup the deductions you previously incurred when the property was a below market rental.","author":{"@type":"Person","name":"Logan Allec","url":"https:\/\/moneydoneright.com"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/below-market-rent\/#Comment6","dateCreated":"2019-05-19 16:54:05","description":"Thanks for your article. It was exactly my question, and the answer seems clear. However, sometimes we want to be able to serve people in our church family that doesn't make financial sense. Perhaps you can shed a bit more light on a specific situation. My cost to own my townhome is a mortgage of about $1300 and HOA about $400. The market value is about $2000, which our neighbor pays for the comparable unit. However, we'd like to rent it out to a church family for $1300. The question is, how would taxes work, since I'm actually taking a loss? Will I have to pay taxes on the $1300 that I'm renting out for when in fact, I'd would NOT be profiting? \n\nFrom another standpoint, can I rent it out as a below market value for 2 years and then after they move out, to bring it back to at market value rental property?","author":{"@type":"Person","name":"Stanley","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/vacation-home-tax-rules\/","headline":"Vacation Home Tax Rules: What Deductions Can I Take?","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/vacation-home-tax-rules\/","datePublished":"2020-03-04","dateModified":"2021-09-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/vacation-home-tax-rules\/","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\/2018\/01\/Vacation-Home-Taxes.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/01\/Vacation-Home-Taxes.png","height":430,"width":825},"keywords":["schema"]},{"@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":["podcast","schema","youtube"],"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":["annual updates","schema"]},{"@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"]}]}