Income Tax Calculator: TaxMode

Name: Income Tax Calculator: TaxMode
Rating: 4.51851 (189 reviews)

Finance

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Income Tax Calculator: TaxMode

Finance

4.5

189 ratings

Age Rating

Seller

Sawhney Systems, Inc.

In-App Purchases

$1.99 – $7.99

View in App Store

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User Reviews for Income Tax Calculator: TaxMode

Very handy and quick tax estimator

Easy to input data and results are shown immediately in one simple list. Can also show you what the values are on most lines on 1040 form.One thing I found missing: charitable contributions, even when taking standard deduction. Singles can take up to $300 and married filing jointly take $600 adjustment to income. See line 10b on 1040 form. Fix that and it’s a five star app.

AppTheWorld, Nov 29, 2021

Excellent

This is a great tax planning app. Underneath its simple result display and a pie chart showing elements of income and tax there seems thorough implementation of income tax computations. All types of taxes are computed automatically if they are applicable based on the data entered. It provides computational details when you tap on any number on the result display. It will show the corresponding IRS form detailing how the tax amount was calculated.

Delora Sirr, Dec 31, 2018

Great for planning and doubling checking

I like TaxMode because I can use it all year long for planning because it is fast and easy to use. I like the Full Mode. I also find it to be a very useful “double check” before I efile my Federal Income tax return, which is done with a different app.

EdwardS8, Feb 07, 2022

Well done app

It is a good app for necessary tax computations for the current tax year. The availability of the tax years before and after the current year makes it better; and it really shines for its reporting of calculation details and automatic compare feature. Really well done app.

jaysonmante, Dec 31, 2018

Perfect Tax Planning App

I use this all year to help my clients understand their tax situation. Entering information is easy and can be done quickly. You get accurate results. Reports are easily understandable as they mimic the federal tax return. This is the perfect tax planning app for professionals and even nonprofessionals.

Jsedad, Oct 06, 2017

Excellent & Timely

I have been using TaxMode for over a year. I like this app but like its timeliness for updates much more. Tax planning is most useful before year end when I can act to save taxes. This app is great when it comes to tax updates. Also, I like the details of computations provided with one tap. Gives you a great ability to analyze tax related situations instantly.

Kirstinastrid.cumming, Dec 20, 2018

Free and very helpful, I LOVE it

I HATE iphone (all apple products) since most of the apps are deceptive. This is one of very few apps that are FREE and does what it says without hidden or subscription fees.This whole IRS paying income tax is expensive, hard and stressful enough. This app quickly helps put my mind at ease when trying to figure out estimated income tax payments. I am forever grateful for this!!

NikoleNikki, Apr 21, 2019

Scam!! Beware!!!

Bought a 1 year subscription to this app in July 2018 and with the recent update I lost all my saved tax plans + it no longer recognized my subscription. After back and forth communication with the developer they said they couldn’t help me, that it was Apple’s fault. I took it up with iTunes and they gave me a refund. I repurchased the 1 year subscription and it still says I don’t have an active subscription. Shame on me for giving them a second chance.

Richieddd, Nov 29, 2018

Great tax planner poor update

I have been using the app for three years and love it. Accurate and easy to use. This year when I went to purchase it as required every year all my data was lost again. Same thing happened with previous yearly updates. What a pain. This year it said iCloud was not available. It was. Always has been.

Ron8585, Oct 09, 2018

Good and easy to use but could add some features

I have used this app for 2 years. It does miss some categories like Roth conversions and charitable donations. I just use one of the given categories to capture these items. Some user defined categories would also be helpful.

Ruben_1226, Jun 05, 2023

Description

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 2022 tax year ● Includes tax years 2023, 2022 & 2021 ● 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 2023, 2022 & 2021. 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