TaxMode: income tax calculator

Offers in-app purchases

INCOME TAX CALCULATOR & PLANNER
This professional grade USA tax planner is designed to satisfy the advanced tax computation needs of a financial planner and yet it is simple enough to be used for a quick tax calculation by a casual user.

KEY ACTIVE FEATURES
● Updated for 2018 Tax Cuts and Jobs Act
● Includes Qualified Business pass-thru threshold and deductions
● Includes tax years 2018, 2017 & 2016
- Regular income tax
- Self-employment tax
- Pass-thru business income deduction
- Net investment income tax
- Additional Medicare tax
- Itemized deductions with threshold & phase-out
- Personal exemptions with threshold & phase-out
- Child Tax Credit
- Earned Income Credit calculations
- Alternative minimum tax
- Lump-sum distribution tax
- FICA taxes

● Quarterly Estimated Tax computations, report & IRS 1040ES form support*
● Automatic selection of applicable tax computations
● Automatic check for AMT applicability and analysis
● Computes Earned Income Credit
● Verify the adequacy of estimated tax payments
● Analyze impact of specific deductions
● Supported with details in terms of IRS tax forms*
● Summary or detailed data entry options*
● Side by side comparison of alternative scenarios for what-if analysis*
● Effective tool for pre-tax return analysis
● Ability to email reports*
● Enhanced data entry*
● Ability to load & save plans*
● Pie chart & multiple reports*
● Automatic limitation of maximum amounts allowed for -
- Medical expenses
- Investment interest deduction
- Charitable contributions with deduction tests for 50%, 30% & 20% qualified contributions
- 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 the latest US tax laws. 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 be used with confidence. It is created and supported by Sawhney Systems, a leading developer of personal financial and tax planning software. At Sawhney we have been providing software and related support services to the financial planning professionals since 1976. Our leading software package ExecPlan (www.execplan.com) was the first integrated financial planning software available commercially in USA and the most widely used professional software over past three decades. PlanMode (www.planmode.com) is our latest financial planning software designed to be a crossover product to fulfill diverse planning needs of a professional planner as well as a motivated individual involved in retirement or comprehensive financial and tax planning on mobile platforms.

We hope you have a productive and satisfying experience with this app and delight us by reviewing TaxMode Pro at Google Play.

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.



*Indicates premium functions
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What's New

Updated for the new tax laws - 2018 Tax Cuts & Jobs Act (TCJA).
TaxMode includes 2018, 2017 & 2016 tax years. Major additions and changes include-
● Revised Regular Income Tax computations
● Revised Standard Deductions, SALT deduction limit and Child Tax Credit
● Updated Qualified Business Income and pass-thru deductions for Specified and Non-specified service & trade business
● New 2018 Estimated Tax Worksheet & Report
Read more

Additional Information

Updated
March 16, 2018
Size
2.8M
Installs
50,000+
Current Version
2018.10
Requires Android
1.6 and up
Content Rating
Everyone
Interactive Elements
Digital Purchases
In-app Products
$0.99 - $4.99 per item
Permissions
Offered By
Sawhney Systems
Developer
777 Alexander Road Princeton, NJ 08540 USA
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