Income Tax Calculator: TaxMode

Name: Income Tax Calculator: TaxMode
Rating: 4.6 (296 reviews)
Author: Sawhney Systems

Tax planner for USA income tax

Free · In‑App Purchases · Designed for iPad

296 Ratings
Ages

4+
Years
Category

Finance
Developer

Sawhney Systems
Language

EN
English
Size

14.1
MB

Income tax calculator ready for 2025, 2026 & OBBBA implemented - Simple, flexible & quick tax planner. Automatic computations. Includes tax years 2026, 2025, 2024. Free! INCOME TAX CALCULATOR TaxMode is a simple and powerful income tax planning app. It is updated for the One Big Beautiful Bill Act (OBBBA). The following are some of the key items are included among other modifications in this release- 1. Updated tax rates 2. Standard Deductions 3. Extra Seniors’ Deduction with limitations and phaseouts 4. Updated State and Local Tax (SALT) itemized deduction with limitations and phaseouts 5. Deduction for overtime income with limitations and phaseouts 6. Tip income deduction with its limitations and phaseouts 7. Child Tax Credit updated 8. Alternative Minimum Tax updated for inflation adjustments and Exemptions & Phaseout Thresholds 9. Updated for inflation adjusted capital gain threshold for 0 and 15% tax rate 10. Charitable contribution limitation for high earners at 37% bracket Some key features of TaxMode include- ● Up-to-date with latest tax laws up to 2026 tax year ● Includes tax years 2026, 2025 & 2024 ● Includes Qualified Business income deductions ● Automatic selection of applicable tax computations ● Automatic check for AMT applicability and analysis ● Computes Net Investment Income Tax ● Performs deductions and exemptions phase-out ● Additional Medicare Tax ● Computes Child Tax Credit ● Computes Earned Income Credit ● Quarterly Estimated Tax computations, report & IRS 1040ES form support* ● Analyze impact of specific deductions ● Summary or detailed data entry options* ● Side by side comparison for what-if analysis* ● Ability to save and load data* ● Pie chart & multiple report options ● Supports computations with values for major IRS forms ● Effective tool for pre-tax return analysis ● Ability to email out results & reports* ● Easy data entry ● Import and export of plan data Tax calculations include- ● Regular income tax ● Qualified Business Income threshold and phase-out ● Pass-thru deductions from Specified and Non-specified business ● Tax based on QDCG worksheet ● Self-employment ● Alternative minimum tax ● Net investment income tax ● Additional Medicare tax ● Lump-sum distribution tax ● Child & Dependent Tax credit ● Earned income credit ● FICA taxes Automatic limitation of amounts allowed for ● Medical expenses ● Investment interest deduction ● Charitable contributions with limitations for 60%, 35%, 30% & 20% deductibility ● Unreimbursed business expenses ● Casualty & theft losses ● Student loan interest deduction ● Tuition & fees deduction TaxMode is a quick and efficient app for income tax planning. It provides an easy way to compute taxes and perform what-if analysis. It contains detailed implementation of USA tax laws for 2026, 2025 & 2024. TaxMode's capabilities can satisfy almost any level of need for tax computation, planning and analysis. This app can be a valuable tool for professionals and nonprofessionals alike. For a tax professional it will enhance your analytical ability, improve your day to day productivity and make tax planning more efficient. For an independent individual, it provides an easy to use tool to analyze the tax impact of a transaction in terms of taxes saved or increase in tax liability, calculate a quick year-end tax estimate, perform a pre-tax-return-filing analysis, or review the impact of any other tax related investment decision; TaxMode can help you make more informed decision by providing a better understanding of all the possible income tax implications. We hope you have a productive and satisfying experience with this app and delight us by giving TaxMode a helpful review. Please let us know any thoughts or suggestions you may have while using TaxMode that will help us improve its functionality. Similarly, please write us at support@sawhney.com if you discover a computational error or have questions on a specific calculation. Thank you. *Represents a premium function

Ratings & Reviews

4.6

out of 5

296 Ratings

Excellent Tax forecast tool
12/22/2024

frugrat
on iPad data entry takes only a few minutes to get a detailed tax forecast and worksheets for 2023, 2024 and 2025. Each year can be saved under a different name and emailed to your computer for review and printing. Good help files.I needed to anticipate large tax bills in 2024 and 2025 after fund sales but Freetaxusa and Turbotax are not functional until mid-January. This tool was available in November and has replaced them.
Excellent Tax forecast tool
12/22/2024

frugrat

on iPad data entry takes only a few minutes to get a detailed tax forecast and worksheets for 2023, 2024 and 2025. Each year can be saved under a different name and emailed to your computer for review and printing. Good help files.I needed to anticipate large tax bills in 2024 and 2025 after fund sales but Freetaxusa and Turbotax are not functional until mid-January. This tool was available in November and has replaced them.
Excellent Tax Forecast tool
12/22/2024

frugrat
Requires only a few minutes to enter top level summary data to get a detailed tax forecast for a given year with all the supporting worksheet detail to understand it. Quickly identified a big problem in my detailed spreadsheet forecast that I was able to fix with a new subtable. Taxmode was available in November long before FreeTaxUSA and TurboTax in mid-January and take 1/10th the time for a decent result.
Excellent Tax Forecast tool
12/22/2024

frugrat

Requires only a few minutes to enter top level summary data to get a detailed tax forecast for a given year with all the supporting worksheet detail to understand it. Quickly identified a big problem in my detailed spreadsheet forecast that I was able to fix with a new subtable. Taxmode was available in November long before FreeTaxUSA and TurboTax in mid-January and take 1/10th the time for a decent result.
Free and very helpful, I LOVE it
04/21/2019

NikoleNikki
I HATE iphone (all apple products) since most of the apps are deceptive. This is one of very few apps that are FREE and does what it says without hidden or subscription fees.This whole IRS paying income tax is expensive, hard and stressful enough. This app quickly helps put my mind at ease when trying to figure out estimated income tax payments. I am forever grateful for this!!
Free and very helpful, I LOVE it
04/21/2019

NikoleNikki

I HATE iphone (all apple products) since most of the apps are deceptive. This is one of very few apps that are FREE and does what it says without hidden or subscription fees.This whole IRS paying income tax is expensive, hard and stressful enough. This app quickly helps put my mind at ease when trying to figure out estimated income tax payments. I am forever grateful for this!!
Very handy and quick tax estimator
11/29/2021

AppTheWorld
Easy to input data and results are shown immediately in one simple list. Can also show you what the values are on most lines on 1040 form.One thing I found missing: charitable contributions, even when taking standard deduction. Singles can take up to $300 and married filing jointly take $600 adjustment to income. See line 10b on 1040 form. Fix that and it’s a five star app.
Very handy and quick tax estimator
11/29/2021

AppTheWorld

Easy to input data and results are shown immediately in one simple list. Can also show you what the values are on most lines on 1040 form.One thing I found missing: charitable contributions, even when taking standard deduction. Singles can take up to $300 and married filing jointly take $600 adjustment to income. See line 10b on 1040 form. Fix that and it’s a five star app.

Ready for tax years 2025 & 2026. Added new module to calculate 2026 tax year in addition to the existing 2025 tax year. Updated for One Big Beautiful Bill Act (OBBBA for 2026 provisions. The following key items are included in this release- ● New income tax rate tables ● Updated Standard Deductions ● Extra Seniors’ Deduction with limitations and phaseouts ● Updated State and Local Tax (SALT) itemized deduction for 2026 with limitations and phaseouts ● Alternative Minimum Tax updated for inflation adjustments and Exemptions & Phaseout Thresholds ● Capital gain threshold adjusted for inflation for 0 & 15% capital gain tax rates ● Charitable contribution limitation for high earners at 37% bracket ● Deduction for overtime income with limitations and phaseouts as in OBBBA ● Tip income deduction with its limitations and phaseouts as in OBBBA

Version 2026.1

Oct 31

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