Income Tax Calculator: TaxMode

Tax planner for USA income tax

Business

Finance

52 reviews

Free

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Details about Income Tax Calculator

Released
Updated
iOS Version
Age Rating
Size
Devices
Languages

November 2, 2012
September 30, 2024
11.0+
4+
13.33MB
iPhone, iPad, iPod
American English

Features

Apple silicon support

Developer of Income Tax Calculator

Sawhney Systems, Inc.

⭐️4.6 / 5

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🙌250

Ratings

📼2 vids & 4 scs

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🧾$1.99 - $7.99

In-App Purchase↘︎

📦~ in 3 weeks

Updates frequency↘︎

📝6+ topics

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🗣❌ unsupported

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Versions
In-App Purchases History2
Price History
Description
FAQ

Version History of Income Tax Calculator

2025.1

September 17, 2024

Tax Year 2025 Ready! This version includes US Income Tax computations for 2025, 2024 & 2023. Updates for 2025 tax year include- ● Projected tax rate tables for all filing status ● FICA and Self-employment Tax ● Standard Deductions ● Alternative Minimum Tax Exemption (AMT) deductions ● Maximum capital gain rate amounts ● Student Loan Interest deduction ● Refundable Child Tax Care Credit Tax rates and computations for 2025 are based on published information available at the time of this release.

2024.5

January 24, 2024

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.

2024.4

December 8, 2023

Tax Year 2024 Ready! This version includes tax updates and other enhancements as follows- ● US Income tax computations for 2024, 2023 & 2022 ● 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. The tax updates are based on published information available at the time of this release and are based on the assumption that inflation adjusted amounts in the tax code will increase 5.4% from 2023.

2024.3

November 30, 2023

2024.2

November 5, 2023

2024.1

October 19, 2023

2023.7

April 19, 2023

Tax Year 2023 Ready! This version includes tax updates and other enhancements as follows- ● Tax computations for 2023, 2022 & 2021 ● Tax forms and schedules are updated for their references in 2022 tax year ● New computations for 2023 tax year include- • Tax rate tables for all filing status • Updated FICA and Self-employment Tax • Increased standard deductions • Updated Alternative Minimum Tax (AMT) • Updated maximum capital gain Rates • Updated Child & Dependable Tax Credit

2023.6

January 17, 2023

2023.5

December 30, 2022

2023.3

December 5, 2022

Income Tax Calculator In-App Purchases History

$1.99

Premium Features for 1 Month

This purchase activates premium features for one month.

$7.99

Premium Features for 1 Year

This purchase activates premium features for one year.

Price History of Income Tax Calculator

Description of Income Tax Calculator

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 2024 tax year ● Includes tax years 2025, 2024 & 2023 ● 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 2025, 2024 & 2023. 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

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