TaxMode: income tax calculator

TaxMode: income tax calculator

10,000 - 50,000 downloads

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This professional grade US tax calculator 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
● New tax year 2014
● Items for tax years 2014 and 2013 include-
- Additional Medicare Tax for Self-employed income
- High earner qualified dividend & capital gains tax
- Net investment income tax (Healthcare tax)
- Itemized deductions with threshold & phase-out
- Personal exemptions with threshold & phase-out
- Modified Alternative Minimum Tax (AMT) calculations
- Modified Earned Income Credit (EIC) calculations
● 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
● Contains computations for tax years 2014, 2013 and 2012
● Ability to email reports*
● Enhanced data entry*
● Ability to load & save plans*
● Pie chart & multiple reports*
● Tax calculations include-
- Regular income tax
- Tax based on QDCG worksheet
- Self-employment taxes
- Net Investment Income Tax
- Alternative minimum tax
- Lump-sum distribution tax
- Earned Income Credit
● Automatic limitation of maximum amounts allowed for -
- Medical expenses
- Investment interest deduction
- Charitable 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 US tax laws for 2014 and earlier years. 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. ExecPlan Express (www.execplanexpress.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 at a very reasonable price.

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@taxmode.net if you discover a computational error or have questions on a specific calculation. Thank you.

*Indicates premium functions

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Recently changed in this version

Items modified -
1. Tax worksheet for computing qualified dividends and capital gain tax.
2. Display panel for income and tax pie chart.
3. Minor bug fixes.


Last activity on TaxMode: income tax calculator
Comments and ratings for TaxMode: income tax calculator
  • (59 stars)

    by Sophia Amor-smith on 12/03/2014

    I’m a tax accountant and I can’t even find professional software that can easily generate a current year tax report like this one does. Plus I can email this straight from my tablet right to my client. Though the emailed reports are in courier but th

  • (59 stars)

    by Craig Alexander on 12/03/2014

    Wow there is more here than a simple income tax calculator, you can tap on any displayed number like AMT or Self employment tax and it gives you the detailed actual federal tax schedule. Good attention to details. I recommend it.

  • (59 stars)

    by Tara Gates on 10/03/2014

    How can you make tax estimations easier? You can’t. This app is simple; just enter your sources of income, your filing status, your deductions, investment income, adjustments and credits and poof… a simple line by line display of your tax calculations

  • (59 stars)

    by Philip Louise on 10/03/2014

    First off if you are looking for tax filing software, look elsewhere, this is not filing software. That said if you need something to figure out your taxes for this year, then this is the app for you. I was trying to figure out how much it would cost to

  • (59 stars)

    by Emma Moffatt on 05/03/2014

    Good example how a complex subject like income tax can be simplified when presented in a well-designed format. This app could be a glimpse of the evolution in new type of technical tools. It is serving me well for my tax planning. It is perfectly sized fo

  • (59 stars)

    by kedar chowbey on 05/03/2014

    I am self-employed and my income has dropped a lot so I know I didn’t have to make as large a last quarterly payment as I was originally projected to have to pay. This app easily let me see what my new tax liability would be so I could save on my last

  • (59 stars)

    by Shimoya Johnson on 04/01/2014

    This sucks so bad