TaxMode - USA Income Tax Calculator 2014.0204
Device: iOS Universal
Category: Finance
Price: Free, Version: 2014.0111 -> 2014.0204 (iTunes)
Description:INCOME TAX CALCULATOR FOR 2013, 2012 & 2011
This professional grade calculator is designed to satisfy the advanced tax computation needs of a financial planner and yet it is simple enough to be used for a quick tax calculation by a casual user.
KEY ACTIVE FEATURES
- Automatic selection of applicable tax computations
- Automatic check for AMT applicability and analysis
- Computes Net Investment Income Tax
- Performs personal exemptions phase-out
- Performs itemized deduction phase-out
- 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 for what-if analysis*
- Ability to save and load data*
- Pie chart & multiple report options*
- Provides data for several major IRS forms*
- Effective tool for pre-tax return analysis
- Ability to email reports*
- Enhanced data entry
- Tax calculations include-
-- Regular income tax
-- Tax based on QDCG worksheet
-- Self-employment and Medicare surtax
-- Alternative minimum tax
-- Net investment income tax
-- Lump-sum distribution tax
-- Earned Income Credit (EIC)
- Automatic limitation of amounts allowed for -
-- Medical expenses
-- Investment interest deduction
-- Charitable 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 US tax laws for 2013, 2012 and 2011. 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 support@taxmode.net if you discover a computational error or have questions on a specific calculation.
Thank you.
* represents a premium function
What's New
Updated AMT computations and the following items:
- IRS Form 8959 Additional Medicare Tax added as a part of Form 1040
- Updated new Net Investment Income Tax (form 8960)
- Added Tuition and Fees Deduction (form 8917)
- Add new worksheet for qualified dividends and capital gains
- Added new worksheets for phase-out of Deductions & Exemptions
- Added new worksheet for Student Loan Interest Deductions
- Updated Medicare surtax for Self-employment income
- Enhanced quarterly Estimated Tax report for 2013 tax year*
*Pro version
TaxMode - USA Income Tax Calculator