Patent ID: 8417596
Filing Date: 2013-04-09
Classification: G06Q

Abstract:
1. A method for explaining a financial calculation, wherein the method is implemented in a computer system which comprises a processor and a memory, the method comprising: receiving a first value from a user of an income-tax preparation program, wherein the first value corresponds to a tax deduction or a tax credit; aggregating the first value into an aggregated value associated with a deductible expense category; determining by the computer a second value by applying a limit to the deductible expense category, wherein the second value corresponds to an allowable amount for the tax deduction or the tax credit associated with the first value; displaying the first value and the second value, wherein the second value is suggested to be entered in place of the first value; and providing a link that, when activated, displays an explanation of applicable tax rules for difference between the first value and the second value.