TaxMode: income tax calculator & planner for USA App Download For Android and iPhone

2019.6

INCOME TAX PLANNER
TaxMode: income tax calculator & planner for USA Download APK
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Developer
Sawhney Systems
Version
2019.6
Updated
May 9, 2019
Requirements
2.3 and up
Size
5.5M
Get it on
Google Play

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Description

INCOME TAX PLANNER
TaxMode is a simple and powerful income tax planning app. Its key features include-
● Updated for 2019 and 2018 tax years
● Includes Qualified Business pass-thru threshold and deductions
● Includes tax years 2019, 2018 & 2017
– Regular income tax
– Self-employment tax
– Pass-thru Qualified Business income deduction
– Net investment income tax
– Additional Medicare tax
– Itemized deductions with threshold & phase-out
– Personal exemptions with threshold & phase-out
– Child 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 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*
● Automatic limitation of maximum amounts allowed for –
– Medical expenses
– Investment interest deduction
– Charitable contributions with deduction tests for 60%, 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 [email protected] if you discover a computational error or have questions on a specific calculation. Thank you.

*Indicates premium functions

What's new

• Updated income limit subject to Social Security tax in the computations for 2019 tax year. This limit is raised in tax year 2019 to 132,900 from the 128,400 limit in tax year 2018.
• Updated reference information for Estimated Tax using 2019 IRS Form 1040 ES.

APP PERMISSION

TaxMode: income tax calculator & planner for USA
Sawhney Systems
Showing permissions for all versions of this app
This app has access to:
Storage
  • read the contents of your USB storage
  • modify or delete the contents of your USB storage
Photos/Media/Files
  • read the contents of your USB storage
  • modify or delete the contents of your USB storage

Other

  • receive data from Internet
  • full network access
  • prevent device from sleeping
  • view network connections

 

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