TaxMode: income tax calculator
Free App
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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
● US income tax computations for tax years 2017, 2016 & 2015.
● Key items include-
- Regular income tax
- Self-employment tax
- High earner qualified dividend & capital gains tax
- Net investment income tax
- Additional medicare tax
- Itemized deductions with threshold & phase-out
- Personal exemptions with threshold & phase-out
- Alternative Minimum Tax calculations
- Earned Income Credit calculations
- FICA taxes
● 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
● 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
- Additional Medicare tax
- Alternative minimum tax
- Lump-sum distribution tax
- Net Investment Income Tax
- FICA taxes
● Automatic limitation of maximum amounts allowed for -
- Medical expenses
- Investment interest deduction
- Charitable contributions with deduction tests for 50%, 30% & 20% qualified 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 the latest US tax laws. 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. PlanMode (www.planmode.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 on mobile platforms.
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@sawhney.com if you discover a computational error or have questions on a specific calculation. Thank you.
*Indicates premium functions
KEY ACTIVE FEATURES
● US income tax computations for tax years 2017, 2016 & 2015.
● Key items include-
- Regular income tax
- Self-employment tax
- High earner qualified dividend & capital gains tax
- Net investment income tax
- Additional medicare tax
- Itemized deductions with threshold & phase-out
- Personal exemptions with threshold & phase-out
- Alternative Minimum Tax calculations
- Earned Income Credit calculations
- FICA taxes
● 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
● 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
- Additional Medicare tax
- Alternative minimum tax
- Lump-sum distribution tax
- Net Investment Income Tax
- FICA taxes
● Automatic limitation of maximum amounts allowed for -
- Medical expenses
- Investment interest deduction
- Charitable contributions with deduction tests for 50%, 30% & 20% qualified 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 the latest US tax laws. 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. PlanMode (www.planmode.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 on mobile platforms.
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@sawhney.com if you discover a computational error or have questions on a specific calculation. Thank you.
*Indicates premium functions
All Application Badges
Free
downl.
downl.
Android
1.6+
1.6+
Android app
App History & Updates
What's Changed
Includes tax years 2017, 2016 & 2015
The following computations are implemented-
Income Tax Rate Tables
Deductions & Personal Exemptions
Phase out for Deductions & Exemptions
Alternative Minimum Tax (AMT) Exemptions
Medical Deductions above Specific AGI Floor
Earned Income Tax Credit (EITC)
Student Loan Interest Deduction
Modified Form 1040 ES
All tax computations are supported with IRS forms for 2016 tax year
Includes tax years 2017, 2016 & 2015
The following computations are implemented-
Income Tax Rate Tables
Deductions & Personal Exemptions
Phase out for Deductions & Exemptions
Alternative Minimum Tax (AMT) Exemptions
Medical Deductions above Specific AGI Floor
Earned Income Tax Credit (EITC)
Student Loan Interest Deduction
Modified Form 1040 ES
All tax computations are supported with IRS forms for 2016 tax year
Version update TaxMode: income tax calculator was updated to version 2017.004
Version update TaxMode: income tax calculator was updated to version 2016.009
More downloads TaxMode: income tax calculator reached 50 000 - 100 000 downloads
Version update TaxMode: income tax calculator was updated to version 2015.003
What are users saying about TaxMode: income tax calculator
Y
by Y####:
by Y####:
Wonderfull app with quick glimpse of your taxes. Also Good for students practicing past year Questions
Y
by Y####:
by Y####:
Have to pay to get any real data.
Y
by Y####:
by Y####:
Great app! only found one small prob with it. I entered my 2015 tax info to check its accuracy before trusting it to run scenarios and it was off by 250 dollars all the way through from AGI on. I just discovered the glitch- it doesn't figure in educator expenses when figuring AGI. (2015 form 1040, line 23) Other than that it seems to be a great app, simple to use and make comparisons of different scenarios. Even with the $ 250 error I figured it was trustworthy enough to run rough #'s. Would be great to get this fixed though. Have to give it four stars b/c of the error, but would otherwise be an enthusiastic 5!
T
by T####:
by T####:
good app
L
by L####:
by L####:
This sucks so bad
S
by S####:
by S####:
Good sidekick for tax planners
E
by E####:
by E####:
An excellent app for income tax planning, probably the best out there. Besides quick computations it provides supporting details for all its tax computations which is a big plus for my confidence. The free version seems good for input values in all category totals but for details it seems to limit detailed input to 5 items. I upgraded to premium version and quite satisfied with it. I have often used it while finalizing my tax return info. Overall this is a great tax calculator with or without the upgrade.
N
by N####:
by N####:
Very helpful in tax planning. It is not a tax prep app but is excellent for pre-tax return planning and what-if computations.
N
by N####:
by N####:
Well designed for quick income tax planning. The unique feature that provides the computations behind a tax result when you tap on it is especially helpful. It adds confidence to its calculations.
Y
by Y####:
by Y####:
good app
N
by N####:
by N####:
Nice
N
by N####:
by N####:
Hello I can use it to figure out how much taxes I owe and I go out to the students single so stupid chain chain 1099 earned income tax from that 100 and told me $51 equals $4 that I own to government wake somebody up
N
by N####:
by N####:
Doesn't work on my galsxy note 3.
M
by M####:
by M####:
Great App! This is the easiest program there is for computing quarterly estimated taxes. I appreciate the supplemental details it provides in additional to the computation support with the tax form references. It could not get any simpler. Good work Sawhney. Keep it up, you are the best!
N
by N####:
by N####:
Very good . This app is quick and easy to use. It provides plenty of necessary items of input and its tax computations are always accurate. I highly recommend it.
N
by N####:
by N####:
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!
O
by O####:
by O####:
Now I can actto save taxes and this app is very useful in this regards.
L
by L####:
by L####:
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.
N
by N####:
by N####:
Useful ,As good as you can ask for a phone app, I would recommend this for all.
N
by N####:
by N####:
Truly useful Thanks for making the complex task of computing income taxes so simple with all my meaningful data. All the backup details it provides for the computations is a BIG PLUS.
O
by O####:
by O####:
I download lots of income tax calculator app and this satisfies me.
N
by N####:
by N####:
Excellent and Timely. I like the TaxMode app but like its timeliness for updates much more. Tax planning is most useful before the end of the year when I can act to save taxes and this app is very useful in this regards. It is constantly updated as IRS releases draft of new forms or new regulations comes out that may impact next year’s taxes.
Q
by Q####:
by Q####:
Very useful app with simple easy to use interface and its free as well !!
G
by G####:
by G####:
Good work Sawhney. Keep it up, it is the best!
B
by B####:
by B####:
Running a Nexus 7 with latest version, buttons have disappeared, ran fine till this last update
N
by N####:
by N####:
Can't use, uninstalling
S
by S####:
by S####:
Very good!
Z
by Z####:
by Z####:
Awesome
S
by S####:
by S####:
Excellent for what - if analysis.
R
by R####:
by R####:
Interface never tested for Nexus 7 2014 with Lollipop
R
by R####:
by R####:
Not bad
R
by R####:
by R####:
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??
R
by R####:
by R####:
Nice touch to see 2015 tax comps also included with 2014. Works well.
R
by R####:
by R####:
Labels don't show up
M
by M####:
by M####:
Very useful for what-if tax comps. Works as described. Perfectly.
K
by K####:
by K####:
Awesome
M
by M####:
by M####:
Simple, meaningful and we'll designed. Good to see it is kept up-to-date with tax law changes
M
by M####:
by M####:
Simple app with elaborate tax planning capabilities. Great option to plan across this and next or prior year. Provides full explanation for each tax computation. And, it works.
M
by M####:
by M####:
Downloaded and try to see calculation and nothing is shown. Never download again
by C####:
Nice app for tax planning. Clean and to the point. I like the Pie chart for tax results. It also provides overall analysis and clearly shows bottom line taxes.