diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 1f1cee166a0e..67c2a51015a7 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -2936,6 +2936,8 @@ function navigateToNextPage(iou, iouType, report, path = '') {
                       .map((accountID) => ({accountID, selected: true}))
                       .value();
             setMoneyRequestParticipants(participants);
+            resetMoneyRequestCategory();
+            resetMoneyRequestTag();
         }
         Navigation.navigate(ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(iouType, report.reportID));
         return;
diff --git a/src/pages/iou/steps/MoneyRequestConfirmPage.js b/src/pages/iou/steps/MoneyRequestConfirmPage.js
index ebb687b324e8..a69abeb94089 100644
--- a/src/pages/iou/steps/MoneyRequestConfirmPage.js
+++ b/src/pages/iou/steps/MoneyRequestConfirmPage.js
@@ -84,11 +84,6 @@ function MoneyRequestConfirmPage(props) {
     const isPolicyExpenseChat = useMemo(() => ReportUtils.isPolicyExpenseChat(ReportUtils.getRootParentReport(props.report)), [props.report]);
     const isManualRequestDM = props.selectedTab === CONST.TAB.MANUAL && iouType === CONST.IOU.TYPE.REQUEST;
 
-    useEffect(() => {
-        IOU.resetMoneyRequestCategory();
-        IOU.resetMoneyRequestTag();
-    }, []);
-
     useEffect(() => {
         const policyExpenseChat = _.find(participants, (participant) => participant.isPolicyExpenseChat);
         if (policyExpenseChat) {
diff --git a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
index 7cb0e72356e1..9a114de98ea7 100644
--- a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
+++ b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
@@ -87,6 +87,8 @@ function MoneyRequestParticipantsPage({iou, selectedTab, route, transaction}) {
 
     const navigateToConfirmationStep = (moneyRequestType) => {
         IOU.setMoneyRequestId(moneyRequestType);
+        IOU.resetMoneyRequestCategory();
+        IOU.resetMoneyRequestTag();
         Navigation.navigate(ROUTES.MONEY_REQUEST_CONFIRMATION.getRoute(moneyRequestType, reportID));
     };