You will need to know what tax line items you report on your income tax return. You can determine this by going over your most recent tax return to see what income and deductions you reported. If you take a standard deduction on your income taxes , you will have less to track in Microsoft Money than someone who itemizes deductions.
Microsoft Money Tax Line Manager
By Shelley Elmblad, About.com Guide
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Microsoft Money Tax Line Manager Introduction
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Microsoft Money can assign categories to transactions so you can sort income and expenses to see spending patterns in Microsoft Money reports. Categories help you to track tax-related transactions when you assign categories to tax line items. For example, the category “Healthcare” can be assigned to the Schedule A tax line "Doctors, dentists, hospitals".
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- Microsoft Money Tax Line Manager Introduction
- What Can I Do With Microsoft Money Tax Line Manager ?
- Start Microsoft Money Tax Line Manager
- Select the Tax Line Item
- Add a Category to Tax Line Item
- Select the Category to Add to a Microsoft Money Tax Line Item
- Complete Assigning a Category to a Tax Line Item
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- Complete Assigning a Category to Microsoft Money Tax Line Item
- Select a Category to Add to a Tax Line in the Microsoft Money
- Starting Microsoft Money Tax Estimator
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