Income Tax Calculator: TaxMode 4+

Tax planner for USA income tax

Sawhney Systems

Designed for iPad

    • 4.6 • 245 Ratings
    • Free
    • Offers In-App Purchases

Screenshots

Description

2024 Tax Year Ready.
Income tax planner for USA. Includes 2024, 2023 & 2022. Simple, flexible & quick tax calculator. Automatic computations. Up-to-date for 2023 Free!

INCOME TAX CALCULATOR
TaxMode is a simple and powerful income tax planning app. Its key features include-
● Up-to-date with latest tax laws for 2023 tax year
● Includes tax years 2024, 2023 & 2022
● 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 2024, 2023 & 2022. 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 2024.5

Tax Year 2024 Ready!
This version includes tax updates and other enhancements as follows-
● US Income tax computations for 2024, 2023 & 2022

● Updated IRS Tax Forms for tax year 2023
● Updated tax computations for 2024 include-
• Projected tax rate tables for all filing status
• Updated FICA and Self-employment Tax
• Increased standard deductions
• Updated Alternative Minimum Tax Exemption (AMT)
• Updated maximum capital gain rate amounts
• Updated Qualified Business Income threshold
• Updated base for Social Security
• Updated Student Loan Interest deduction
● Updated computation details are provided in the format of latest IRS Tax Forms available for tax year 2023 or 2022.

Ratings and Reviews

4.6 out of 5
245 Ratings

245 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!!

AppTheWorld ,

Very handy and quick tax estimator

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.

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.

App Privacy

The developer, Sawhney Systems, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Identifiers

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Identifiers

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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