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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

Updated with the latest draft of IRS tax forms for 2014. New forms for tax year 2014 include-
1040
1040 A
1040 D
1040 SE
1040 ES
4952
6251

Tax computations for years 2013 and 2012 continue to be performed using the respective forms applicable in those tax years.


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

    by Kennedy Nguyen on 04/09/2013

    No enter button to complete the input... Sometimes after input every number in... Idont know how to get the result to display... We need the final button... To display the result...

  • (59 stars)

    by Robert Brien on 12/08/2013

    HTC One - letters and numbers superimposed on one another. Was able to figure it out though. Very quick analysis and simple to use it seems. Landscape mode plz for ease in viewing??

  • (59 stars)

    by Jack Wahney on 11/07/2013

    Once I got the hang of its dual purpose data buttons it turned out to be a neat tax planning program. It has a fairly good implementation of current income tax laws even before IRS issues details for the new tax calculations. It is simple to use and quick for comparing income and itemized deduction alternatives. You touch any tax result and it shows how that amount was computed. Nice job.

  • (59 stars)

    by Jan Ungacta on 27/06/2013

    I have the Samsung S4 and I could only see hslf the screen. Is there anything I can do to fix the resolution. The app is just what I'm looking for if I can get it to work!

  • (59 stars)

    by Vann Helms on 24/02/2013

    Terrible app. Crashes frequently

  • (59 stars)

    by Chris zirkle on 23/01/2013

    Simply doesnt work.

  • (59 stars)

    by Autumn Flores on 01/01/2013

    Good