Income itemization
AssigneeUnited Services Automobile Association (USAA)
InventorMichael Patrick Bueche, Jr.
Life of this patent
Estimating the term…
Abstract
Information provided with a direct deposit, a deposited check, or other negotiable instrument may be used to determine state, city, county, and/or other local income tax liability. Based on information associated with the deposit, the financial institution may determine where a user performed the work that triggered the income payment, where the income payment took place, what type of work is associated with the income payment, etc. This information may be used by the financial institution to provide income itemization and income tax liability information to the user via a user computing device.
Claims21
An income itemization method using a non-transitory computer-readable medium encoded with computer-readable instructions, the computer-readable instructions comprising instructions stored thereon that are executed by a processor, comprising:
- providing to a user, data associated with a deposit, the data comprising information associated with work performed by the user that is associated with the deposit;
- determining a location where the deposit originated based on the data associated with the deposit;
- receiving from the user, a revision to the data associated with the deposit;
- generating an income itemization based on the revision to the data associated with the deposit that includes a calculation of taxable income, wherein an applicable tax law used to calculate the taxable income is determined by a computer according to the location where the deposit originated;
- and
- providing the income itemization to the user.
A non-transitory computer-readable medium comprising computer-readable instructions for income itemization, said computer-readable instructions comprising instructions that:
- provide to a user, data associated with a deposit, the data comprising information associated with work performed by the user that is associated with the deposit;
- determine a location where the deposit originated based on the data associated with the deposit;
- receive from the user, a revision to the data associated with the deposit;
- generate an income itemization based on the revision to the data associated with the deposit that includes a calculation of taxable income, wherein an applicable tax law used to calculate the taxable income is determined by a computer according to the location where the deposit originated;
- and
- provide the income itemization to the user.
An income itemization system, comprising:
- a machine including processor resources;
- and
- memory resources associated with the machine, the memory resources storing machine readable instructions that, when executed by the processor resources, cause the processor resources to:
- provide to a user, data associated with a deposit, the data comprising information associated with work performed by the user that is associated with the deposit;
- determining a location where the deposit originated based on the data associated with the deposit;
- receive from the user, a revision to the data associated with the deposit;
- generate an income itemization based on the revision to the data associated with the deposit that includes a calculation of taxable income, wherein an applicable tax law used to calculate the taxable income is determined by a computer according to the location where the deposit originated;
- and
- provide the income itemization to the user.
Dependencies are inferred from the claim text.