Income Tax Calculator: TaxMode 2024.5 - App Store

---

About Income Tax Calculator: TaxMode

2024 Tax Year Ready. Income tax planner for USA. Includes 2024, 2023 & 2022. Simple, flexible & quick tax calculator. Automatic computations. Up-to-date for 2023 Free! INCOME TAX CALCULATOR TaxMode is a simple and powerful

2024 Tax Year Ready.
Income tax planner for USA. Includes 2024, 2023 & 2022. Simple, flexible & quick tax calculator. Automatic computations. Up-to-date for 2023 Free!

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 2023 tax year
● Includes tax years 2024, 2023 & 2022
● 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 2024, 2023 & 2022. 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

Jan 24, 2024
Version 2024.5
Tax Year 2024 Ready!
This version includes tax updates and other enhancements as follows-
● US Income tax computations for 2024, 2023 & 2022

● Updated IRS Tax Forms for tax year 2023
● Updated tax computations for 2024 include-
• Projected tax rate tables for all filing status
• Updated FICA and Self-employment Tax
• Increased standard deductions
• Updated Alternative Minimum Tax Exemption (AMT)
• Updated maximum capital gain rate amounts
• Updated Qualified Business Income threshold
• Updated base for Social Security
• Updated Student Loan Interest deduction
● Updated computation details are provided in the format of latest IRS Tax Forms available for tax year 2023 or 2022.

---

Previous Versions

Here you can find the changelog of Income Tax Calculator: TaxMode since it was posted on our website on 2019-10-21 11:04:09. The latest version is 2024.5 and it was updated on 2024-04-22 08:50:36. See below the changes in each version.

---

Related Apps

Here you can find apps that are similar with Income Tax Calculator: TaxMode.

---

Disclaimer