TaxMode: income tax calculator
By Sawhney Systems
INCOME TAX CALCULATOR PLANNER
This skilled grade USA tax planner is designed to fulfill the superior tax computation wants of a financial planner and yet it is simple sufficient to be used for a quick tax calculation by a casual person.
KEY ACTIVE FEATURES
● Updated for 2020 and 2021 tax years
● Includes Qualified Business pass-thru threshold and deductions
● Includes tax years 2021, 2020 2019
- Regular income tax
- Self-employment tax
- Qualified Business earnings deduction
- Net funding revenue tax
- Additional Medicare tax
- Itemized deductions with threshold phase-out
- Personal exemptions with threshold phase-out
- Child and Dependent Tax Credit
- Earned Income Credit calculations
- Alternative minimum tax
- Lump-sum distribution tax
- FICA taxes
● Quarterly Estimated Tax computations, report IRS 1040ES form support*
● Automatic choice of relevant tax computations
● Automatic check for AMT applicability and analysis
● Computes Earned Income Credit
● Verify the adequacy of estimated tax payments
● Analyze influence of specific deductions
● Supported with details in phrases of IRS tax forms*
● Summary or detailed knowledge entry options*
● Side by aspect comparison of other eventualities for what-if analysis*
● Effective device for pre-tax return analysis
● Ability to email reports*
● Enhanced knowledge entry*
● Ability to load save plans*
● Pie chart multiple reports*
● Automatic limitation of maximum quantities allowed for -
- Medical expenses
- Investment curiosity deduction
- Charitable contributions with deduction tests for 60%, 30% 20% qualified contributions
- Unreimbursed enterprise expenses
- Casualty theft losses
- Student mortgage curiosity deduction
- Tuition charges deduction
TaxMode is a quick and environment friendly app for revenue tax planning. It provides an easy method to compute taxes and carry out what-if evaluation. It incorporates detailed implementation of the latest US tax laws. TaxMode’s capabilities can satisfy virtually any degree of need for tax computation, planning and evaluation.
This app can be a priceless device for professionals and nonprofessionals alike. For a tax professional it's going to enhance your analytical capability, improve your day to day productiveness and make tax planning extra efficient. For an independent individual, it supplies a simple to use tool to research the tax impact of a transaction in phrases of taxes saved or increase in tax legal responsibility, calculate a fast year-end tax estimate, perform a pre-tax-return-filing analysis, or evaluation the impression of any other tax associated investment decision;
TaxMode can be used with confidence. It is created and supported by Sawhney Systems, a quantity one developer of private monetary and tax planning software. At Sawhney we've been offering software and associated assist providers to the monetary planning professionals since 1976. Our leading software package ExecPlan (www.execplan.com) was the first integrated monetary planning software program out there commercially in USA and essentially the most broadly used professional software over past three a long time. PlanMode (www.planmode.com) is our latest financial planning software designed to be a crossover product to satisfy diverse planning wants of an expert planner as properly as a motivated particular person concerned in retirement or complete 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 recommendations you may have while using TaxMode that may assist us improve its performance. Similarly, please write us at [email protected] should you uncover a computational error or have questions on a specific calculation. Thank you.
*Indicates premium capabilities
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