Tip: For easier reading, click (above).
To print topic for reference, click Print (above).
Money automatically gives you a list of standard income categories you can use when entering your transactions. You can change, delete, or add to this list at any time.
If you use the categories listed below, you have tax categories already assigned to you.
Category /Subcategory |
Flag |
Tax Form & Line |
Investment Income | T | û |
Dividend | T | Schedule B, Dividend income |
Interest | T | Schedule B/ Interest income |
Long-Term Capital Gain | T | û |
Short-Term Capital Gain | T | û |
Tax-Exempt Interest | T | Schedule B/ Interest Income, non-taxable |
Other Income | T | 1040/Other income ù misc. |
Child Support Received | û | û |
Gifts Received | û | û |
Loan Principal Received | û | û |
Lotteries | T | 1040/Prizes, awards, gambling |
State & Local Tax Refund | T | 1040/State and local refunds |
Unemployment Compensation | T | 1040/Unempl. comp. |
Retirement Income | T | û |
IRA Distributions | T | 1099R/IRA total distribution ù taxable |
Pensions & Annuities | T | 1099R/Pension total distribution ù taxable |
Social Security Benefits | T | 1040/Soc. Sec. income |
Wages & Salary | T | W-2/Salary |
Bonus | T | W-2/Salary |
Commission | T | W-2/Salary |
Employer Matching | û | û |
Gross Pay | T | W-2/Salary |
Net Pay | û | û |
Overtime | T | W-2/Salary |
How do I create a new category or subcategory?