Learn about income categories

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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?

How should I use categories and subcategories?

How do I track tax information using categories?