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Microsoft Money Tax Line Manager

By Shelley Elmblad, About.com

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Microsoft Money Tax Line Manager Introduction

Microsoft Money Plus Premium Personal Finance Software

Microsoft Money Plus Premium

Courtesy of Microsoft
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".

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.

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