Screenshots

Description

INCOME TAX CALCULATOR & PLANNER
TaxMode is a simple and powerful income tax planning app. Its key features include-
● Up-to-date with latest tax laws for 2020 tax year
● Includes tax years 2020, 2019 & 2018
● 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%, 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 2020, 2019 & 2018. 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

What’s New

Version 2020.9

2020 Ready!
This version includes tax updates and other enhancements as follows-
•Tax years 2020, 2019 & 2018
•Enhanced interactive planning for qualified business income deduction
•Modified presentation for tax credits for child and other dependents
•New reports with improved format and option to email in PDF format

Ratings and Reviews

4.5 out of 5
52 Ratings

52 Ratings

NikoleNikki ,

Free and very helpful, I LOVE it

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!!

Kirstinastrid.cumming ,

Excellent & Timely

I have been using TaxMode for over a year. I like this app but like its timeliness for updates much more. Tax planning is most useful before year end when I can act to save taxes. This app is great when it comes to tax updates. Also, I like the details of computations provided with one tap. Gives you a great ability to analyze tax related situations instantly.

Delora Sirr ,

Excellent

This is a great tax planning app. Underneath its simple result display and a pie chart showing elements of income and tax there seems thorough implementation of income tax computations. All types of taxes are computed automatically if they are applicable based on the data entered. It provides computational details when you tap on any number on the result display. It will show the corresponding IRS form detailing how the tax amount was calculated.

Information

Seller
Sawhney Systems, Inc.
Size
24.6 MB
Category
Finance
Compatibility

Requires iOS 8.0 or later. Compatible with iPhone, iPad, and iPod touch.

Languages

English

Age Rating
4+
Copyright
Price
Free
In-App Purchases
  1. Premium Features for 1 Month $0.99
  2. Premium Features for 1 Year $5.99

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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