Income Tax Calculator: TaxMode

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.
TaxModes 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,

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