How do I mark an expense as tax-deductible or eligible for a credit?
Where to find it: EXPENSES → Add Expense / Edit
Add or edit the expense in EXPENSES and use Select if eligible for tax deduction/credit. Choose the applicable category, such as medical expenses, tuition, charity, union dues, childcare or spousal support. Select the correct owner and complete any related property or beneficiary fields shown.
Enter the expense itself once. The category tells TIME MACHINE which supported deduction or credit calculation to apply; do not also reduce the expense by an estimated tax saving unless you are deliberately entering a net amount for an unsupported category.
Rental or self-employment costs use the appropriate business category and links. Loan interest recorded through LOANS should not be entered again as an expense.
Review the resulting tax report. The app supports the listed calculations and spouse transfers where applicable, but does not carry every unused credit forward.