diff --git a/packages/loot-core/src/server/budget/goaltemplates.ts b/packages/loot-core/src/server/budget/goaltemplates.ts
index f10cd35fa80..9e4ba9e9251 100644
--- a/packages/loot-core/src/server/budget/goaltemplates.ts
+++ b/packages/loot-core/src/server/budget/goaltemplates.ts
@@ -130,7 +130,7 @@ async function processTemplate(
     const isReflect = isReflectBudget();
     const categoriesLong = await getCategories();
     categoriesLong.forEach(c => {
-      if (!isReflect && !c.is_income) {
+      if (isReflect || !c.is_income) {
         categories.push(c);
       }
     });
diff --git a/upcoming-release-notes/4010.md b/upcoming-release-notes/4010.md
new file mode 100644
index 00000000000..a4809b9b956
--- /dev/null
+++ b/upcoming-release-notes/4010.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [youngcw]
+---
+
+Fix goal templates not applying in tracking budget