Method and system for community-based tax deduction advice

A system for generating community-based tax deduction advice, comprising:

• a computer processor;
• a networked tax preparation application executing on the computer processor and configured to:
• obtain a plurality of tax deduction suggestions from a community of taxpayers;
• and
• a feed generator executing on the computer processor and configured to:
• determine a tax concern of a user of the networked tax preparation application;
• assign a plurality of weights to the plurality of tax deduction suggestions based on frequencies of each of the plurality of tax deduction suggestions;
• filter, based on the tax concern of the user, the plurality of tax deduction suggestions to generate a subset of the plurality of tax deduction suggestions;
• generate a live feed word cloud of a text portion of the subset of the plurality of tax deduction suggestions, wherein the text portion is updated based on the tax concern;
• and
• display, to the user in a graphical user interface (GUI) window of the networked tax preparation application, the live feed word cloud of the text portion of the subset comprising a plurality of font styles and a plurality of sizes, wherein the plurality of font styles and the plurality of sizes vary based on the plurality of weights,
• wherein the network tax preparation application is further configured to receive, in the GUI window where the live feed word cloud corresponding to the tax concern is viewed by the user, an input from the user claiming a tax deduction.

A non-transitory computer-readable storage medium storing instructions for generating community-based tax deduction advice, the instructions executable on a processor and comprising functionality to:

• obtain a plurality of tax deduction suggestions from a community of taxpayers using a networked tax preparation application;
• determine a tax concern of a user of the networked tax preparation application;
• assign a plurality of weights to the plurality of tax deduction suggestions based on frequencies of each of the plurality of tax deduction suggestions;
• filter, based on the tax concern of the user, the plurality of tax deduction suggestions to generate a subset of the plurality of tax deduction suggestions;
• generate a live feed word cloud of a text portion of the subset of the plurality of tax deduction suggestions, wherein the text portion is updated based on the tax concern of the user;
• display, to the user in a graphical user interface (GUI) window of the networked tax preparation application, the live feed word cloud of the text portion of the subset comprising a plurality of font styles and a plurality of sizes, wherein the plurality of font styles and the plurality of sizes vary based on the plurality of weights;
• and
• receive, using the networked tax preparation application and in the GUI window where the live feed word cloud corresponding to the tax concern is viewed by the user, an input from the user claiming a tax deduction.