TaxMode: income tax calculator

TaxMode: income tax calculator


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 2015
● US income tax computations for 2015, 2014 & 2013.
● Items for tax years 2015 and 2014 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 2015, 2014 and 2013
● 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 [email protected] if you discover a computational error or have questions on a specific calculation. Thank you.



*Indicates premium functions

Recent changes:
- Updated personal exemptions phaseout thresholds for tax year 2015
- Updated 2015 Form 1040ES for Estimated Tax
- Updated for Android 5 - Lollipop
- AMT computations modified to 2014 Form 6251
- Tax year 2015 added.
- New version includes tax computations for 2013, 2014 & 2015.
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Free
78
3.9
User ratings
140
Installs
10,000+
Concerns
0
File size
3416 kb
Screenshots
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About TaxMode: income tax calculator
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 2015
● US income tax computations for 2015, 2014 & 2013.
● Items for tax years 2015 and 2014 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 2015, 2014 and 2013
● 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 [email protected] if you discover a computational error or have questions on a specific calculation. Thank you.



*Indicates premium functions

Recent changes:
- Updated personal exemptions phaseout thresholds for tax year 2015
- Updated 2015 Form 1040ES for Estimated Tax
- Updated for Android 5 - Lollipop
- AMT computations modified to 2014 Form 6251
- Tax year 2015 added.
- New version includes tax computations for 2013, 2014 & 2015.

Android Market Comments
A Google User
Aug 22, 2015
Limitations of liability In no event shall SAWHNEY be liable for any damages (including, without limitation, lost profits, tax liabilities, tax audits, business interruption, or lost information) rising out of 'Authorized Users' use of or inability to use the SOFTWARE PRODUCT, even if SAWHNEY has been advised of the possibility of such damages. In no event will SAWHNEY be liable for loss of data or for indirect, special, incidental, consequential (including lost profit), or other damages based in contract, tort or otherwise.
A Google User
Aug 7, 2015
Great app Im a tax preparer and alot of the time I get asked (mostly by people who are retired and receiving a pension or payments) how much the taxes will be. With this app I can go in and figure all of that out in a minute rather than calculating by pen and paper! I will definately be an annual member for $5 a year you cant beat it!
A Google User
Aug 7, 2015
This is the latest easiest program there is for computing quarterly estimated taxes.
A Google User
Aug 7, 2015
I download lots of income tax calculator app and this satisfies me.
A Google User
Aug 7, 2015
Good work Sawhney. Keep it up, it is the best!