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Income Tax Calculator: TaxMode

INCOME TAX CALCULATOR & PLANNER TaxMode is a simple and powerful income tax planning app. Its key features inc...

Free

Store review

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 [email protected] if you discover a computational error or have questions on a specific calculation.

Thank you.

*Represents a premium function

Store rating

4

out of

53 reviews

Size

23.5 MB

Last update

July 1, 2020

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