INCOME TAX CALCULATOR
This professional grade 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.
● Includes tax years 2016, 2015 & 2014
● 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 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
Tax calculations include-
● Regular income tax
● Tax based on QDCG worksheet
● Alternative minimum tax
● Net investment income tax
● Additional medicare tax
● Lump-sum distribution tax
● Earned income credit
● FICA taxes
Automatic limitation of amounts allowed for
● Medical expenses
● Investment interest deduction
● Charitable contributions with limitations & carryovers for 50%, 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 US tax laws for 2016, 2015 & 2014. 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 firstname.lastname@example.org if you discover a computational error or have questions on a specific calculation.
*Represents a premium function