Abstract: A method and system for detecting and categorizing recurring income whereby financial transaction data associated with a given user is obtained from one or more sources. One or more income identification parameters are defined. The given user identifies one or more deposit transactions included in the financial transaction data as an income transaction. The one or more income identification parameter values associated with one or more unidentified deposit transactions are then compared with the income identification parameter values associated with the user identified income transactions. Any of one or more unidentified deposit transactions having income identification parameter values the same as, or sufficiently similar to, the income identification parameter values associated with the user identified income transactions are then categorized as identified income transactions of the same type, and/or as being from the same given payor/income source, as the user identified income transactions.

Abstract: A method for associating a tax-line item to a user transaction in a financial management software application including obtaining the user transaction by the financial management software application, associating a first tax line item with the user transaction, where the tax line item is selected by accepting input from a user separately from categorizing the transaction, and presenting the user transaction and the first tax line item selected by the user.