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“In this world nothing can be said to be certain, except death and taxes

Taxes Suck: USA Federal State

by Adam Myrick, LLC

What is it about?

“In this world nothing can be said to be certain, except death and taxes.” - Benjamin Franklin

App Details

Version
2.3.1
Rating
(59)
Size
4Mb
Genre
Finance Business
Last updated
May 29, 2024
Release date
October 14, 2022
More info

App Screenshots

App Store Description

“In this world nothing can be said to be certain, except death and taxes.” - Benjamin Franklin

With Taxes Suck, you can easily estimate your taxes in seconds! NO degree required! Let’s face it, paying Taxes Sucks! It’s not your fault the tax code takes an advanced degree to be an expert in.

Taxes Suck is a simple but powerful United States income tax calculator intended to help you easily estimate your Federal and State income tax liability.

Take control of your Taxes Today! Taxes Suck helps estimate the correct amount of Federal and State taxes to withhold from your paycheck (Don’t trust your W-4 from your employer). If you are self-employed, it helps to estimate your estimated taxes. If you are employed, self-employed, have investment income, etc., it helps estimate income taxes for that too!

Taxes Suck is great for Tax Planning. Whether you are self-employed, weighing business reinvestment options, or you are simply trying to decide between Traditional vs. Roth retirement contributions, Taxes Suck can help make tax decisions easier by showing you current-year tax savings.

Taxes Suck is excellent for any Do-It-Yourself type of person and great for professionals assisting clients. Taxes Suck gives you the ability to run income tax projections in seconds. Learn with Taxes Suck about different types of income, deductions, & tax credits and how those affect your tax bill.

“Only on the App Store”

Tax Year 2024 is a One-Time charge of $3.99!

Tax Years 2023 & 2022 are FREE to use!

Note - States are slow to update their tax brackets. If current-year state brackets are unavailable, prior-year brackets will be used until the state issues current-year brackets.

Federal calculations include:
- Ordinary federal income tax.
- Long-term capital gain tax.
- FICA tax.
- Self-employment tax.
- Self-employment tax deduction.
- Additional Medicare (Self-employment only).
- Qualified business income deduction with threshold & phaseout.
- Net investment income tax.
- Taxable portion of Social Security Income.
- Child tax credit with phase-out.
- Earned Income Tax Credit with phase-in & phase-out.
- Standard deduction (including Age & Blind increase - Federal Only).
- Displays marginal tax rate.
- Ability to manually add certain adjustments.
- Ability to run withholding/estimated tax payment projections.

State calculations include:
- Ordinary state income tax.
- Self-Employment Tax Deduction add-back - PA.
- Standard deduction, personal exemption, dependent exemption (does not include phaseout, but a few states do not calculate these based on a low-income phaseout).
- Federal QBI Deduction - CO, ID, & ND.
- Federal 50% QBI Deduction - IA (2022 Only).
- Federal Income Tax Deduction - IA (2022 Only).
- Taxable portion of Social Security Income state subtraction, if applicable in your state.
- Displays marginal tax rate.
- Ability to manually add certain adjustments.
- Ability to run withholding/estimated tax payment projections.
- Taxes Suck on most states calculates tax on state taxable income at ordinary state tax rates. This should overestimate taxes due if your state has favorable rates on certain types of income.
- I plan to add a more complete calculation for state income tax in the future, but I wanted to get the app released sooner rather than later, and I believe it gives a reasonable estimate for most people in its current build.

Taxes Suck is brought to you by Adam Myrick, CPA, a solo developer. If Taxes Suck is helping you, please consider supporting me by leaving a positive review or updating an existing one. Please share Taxes Suck with friends & family!

In-App Purchases:

Unlock 2024 Tax Year: One-Time Charge — $3.99

Tip Jar:

One-Time Charge — $0.99
One-Time Charge — $4.99

Payments and Renewal:
- Payment will be charged to iTunes Account at confirmation of purchase.
 
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Privacy Policy: https://www.taxes-suck.com/#privacy-policy

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